Public Employees Retirement System of Ohio Purchases New Holdings in Barrick Mining Corporation $B

Public Employees Retirement System of Ohio bought a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 489,758 shares of the gold and copper producer’s stock, valued at approximately $18,002,000.

Several other large investors have also recently bought and sold shares of the business. FIL Ltd boosted its position in Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock valued at $1,311,169,000 after purchasing an additional 13,853,587 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Barrick Mining by 22.8% during the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock valued at $2,413,699,000 after buying an additional 10,287,544 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $211,263,000. Canada Pension Plan Investment Board bought a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $172,230,000. Finally, Mackenzie Financial Corp increased its holdings in Barrick Mining by 61.9% in the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock worth $909,104,000 after buying an additional 7,870,411 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Barclays boosted their target price on shares of Barrick Mining from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Bank of America cut their target price on Barrick Mining from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on Barrick Mining from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Royal Bank Of Canada decreased their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Finally, Citigroup restated a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.57.

Barrick Mining Price Performance

Shares of NYSE:B opened at $45.75 on Friday. The company has a market cap of $75.30 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.87 and a beta of 0.47. The business has a 50 day moving average price of $39.46 and a 200 day moving average price of $41.62. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a twelve month low of $26.16 and a twelve month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%.The company’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Research analysts predict that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

Barrick Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.5%. Barrick Mining’s dividend payout ratio is currently 18.04%.

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.