Ritholtz Wealth Management Acquires 12,296 Shares of Barrick Mining Corporation $B

Ritholtz Wealth Management increased its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 48.4% during the 4th quarter, HoldingsChannel reports. The firm owned 37,698 shares of the gold and copper producer’s stock after purchasing an additional 12,296 shares during the period. Ritholtz Wealth Management’s holdings in Barrick Mining were worth $1,642,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Financial Consulate Inc. lifted its holdings 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 purchasing an additional 521 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in Barrick Mining in the 4th quarter valued at approximately $35,000. Nisa Investment Advisors LLC acquired a new stake in Barrick Mining in the 4th quarter valued at approximately $35,000. Arlington Trust Co LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at approximately $28,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Down 1.3%

B stock opened at $43.00 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $44.35 and a two-hundred day moving average price of $41.72. The company has a market cap of $72.05 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.56 and a beta of 0.50. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $54.69.

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

Barrick Mining Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on B. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. UBS Group dropped their target price on Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. DZ Bank raised Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Citigroup lifted their target price on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a research report on Wednesday, February 4th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

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.