Pekao Towarzystwo Funduszy Inwestycyjnych S.A. Acquires Shares of 94,289 Barrick Mining Corporation $B

Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 94,289 shares of the gold and copper producer’s stock, valued at approximately $4,115,000. Barrick Mining accounts for 3.4% of Pekao Towarzystwo Funduszy Inwestycyjnych S.A.’s investment portfolio, making the stock its 7th largest position.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new position in shares of Barrick Mining during the 4th quarter valued at $25,000. Financial Consulate Inc. lifted its position in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after buying an additional 521 shares during the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Barrick Mining during the 4th quarter valued at $35,000. Nisa Investment Advisors LLC purchased a new position in shares of Barrick Mining during the 4th quarter valued at $35,000. Finally, Arlington Trust Co LLC purchased a new position in shares of Barrick Mining during the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

B has been the topic of a number of recent research reports. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. initiated coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target on the stock. Scotiabank upped their price target on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. DZ Bank raised Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Canaccord Genuity Group dropped their price target on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and an average target price of $54.83.

Barrick Mining Stock Performance

Shares of B opened at $43.29 on Friday. The stock’s 50-day simple moving average is $44.12 and its 200 day simple moving average is $41.94. The stock has a market capitalization of $72.53 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a 52-week low of $17.41 and a 52-week high of $54.69.

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

Barrick Mining Increases Dividend

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