Ninety One North America Inc. Makes New $5.86 Million Investment in Barrick Mining Corporation $B

Ninety One North America Inc. purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,473 shares of the gold and copper producer’s stock, valued at approximately $5,856,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Financial Consulate Inc. grew its position in shares of Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after purchasing an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Barrick Mining during the fourth quarter worth about $25,000. Arlington Trust Co LLC purchased a new stake in shares of Barrick Mining during the third quarter worth about $26,000. JPL Wealth Management LLC purchased a new stake in shares of Barrick Mining during the third quarter worth about $28,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Barrick Mining during the third quarter worth about $31,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

B has been the subject of several research analyst reports. Scotiabank increased their target price on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. UBS Group cut their target price on Barrick Mining from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $71.00 target price on shares of Barrick Mining in a research report on Wednesday, February 4th. Finally, Citigroup increased their target price on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.83.

Barrick Mining Price Performance

NYSE:B opened at $43.29 on Friday. The firm has a market capitalization of $72.53 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.58 and a beta of 0.50. Barrick Mining Corporation has a 1 year low of $17.41 and a 1 year high of $54.69. The business has a 50 day simple moving average of $44.12 and a 200-day simple moving average of $41.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm’s revenue was up 44.6% compared to the same quarter last year. Equities analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is 57.34%.

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.