Barrick Mining Corporation $B Shares Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC raised its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 50.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 109,785 shares of the gold and copper producer’s stock after buying an additional 36,868 shares during the quarter. Red Door Wealth Management LLC’s holdings in Barrick Mining were worth $3,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hedges Asset Management LLC grew its holdings in Barrick Mining by 1.7% in the 3rd quarter. Hedges Asset Management LLC now owns 61,000 shares of the gold and copper producer’s stock worth $1,999,000 after buying an additional 1,000 shares in the last quarter. Investors Research Corp acquired a new position in Barrick Mining during the 3rd quarter valued at about $36,000. Vermillion Wealth Management Inc. bought a new stake in shares of Barrick Mining during the 2nd quarter worth about $25,000. Concord Wealth Partners bought a new position in shares of Barrick Mining in the second quarter valued at approximately $26,000. Finally, Crowley Wealth Management Inc. acquired a new stake in Barrick Mining in the second quarter worth approximately $26,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

B has been the topic of several research reports. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $38.00 to $48.00 in a research report on Monday, November 24th. Wall Street Zen downgraded Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. BNP Paribas raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price objective for the company in a research note on Friday, December 5th. National Bankshares raised Barrick Mining to an “outperform” rating in a research report on Monday, September 22nd. Finally, Raymond James Financial raised their price target on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining presently has an average rating of “Buy” and an average price target of $47.17.

Barrick Mining Price Performance

Shares of NYSE B opened at $44.77 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $37.19 and its 200 day moving average price is $29.32. Barrick Mining Corporation has a 52 week low of $15.16 and a 52 week high of $45.43. The stock has a market cap of $75.38 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 0.46 and a beta of 0.40.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the company posted $0.09 EPS. The company’s revenue was up 23.2% on a year-over-year basis. As a group, research analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. Barrick Mining’s payout ratio is presently 33.82%.

Barrick Mining Company 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.