Ruffer LLP Has $28.38 Million Position in Barrick Mining Corporation $B

Ruffer LLP reduced its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 63.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 650,660 shares of the gold and copper producer’s stock after selling 1,149,975 shares during the quarter. Barrick Mining accounts for about 1.3% of Ruffer LLP’s investment portfolio, making the stock its 26th biggest holding. Ruffer LLP’s holdings in Barrick Mining were worth $28,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Consulate Inc. boosted 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 buying an additional 521 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining during the fourth quarter worth about $25,000. Arlington Trust Co LLC acquired a new position in shares of Barrick Mining during the third quarter worth about $26,000. JPL Wealth Management LLC acquired a new position in shares of Barrick Mining during the third quarter worth about $28,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Barrick Mining during the third quarter worth about $31,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on B shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining 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. Canaccord Genuity Group reduced their price target on Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. JPMorgan Chase & Co. began coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target for the company. Finally, Scotiabank increased 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. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.17.

Barrick Mining Price Performance

NYSE:B opened at $40.44 on Wednesday. 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 stock’s 50 day moving average price is $43.92 and its two-hundred day moving average price is $42.10. The firm has a market capitalization of $67.76 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.60 and a beta of 0.50. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released 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 firm had revenue of $5.98 billion for 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 business’s quarterly revenue was up 44.6% compared to the same quarter last year. On average, analysts anticipate that Barrick Mining Corporation will post 3.61 earnings per share for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, February 27th. Barrick Mining’s dividend payout ratio is currently 57.34%.

Barrick Mining Profile

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.