Maryland State Retirement & Pension System Has $19 Million Position in Barrick Mining Corporation $B

Maryland State Retirement & Pension System raised its holdings in Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 578,739 shares of the gold and copper producer’s stock after acquiring an additional 15,851 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Barrick Mining were worth $19,003,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in B. Vermillion Wealth Management Inc. bought a new stake in Barrick Mining in the second quarter valued at about $25,000. Crowley Wealth Management Inc. acquired a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $26,000. Concord Wealth Partners acquired a new position in Barrick Mining during the second quarter valued at approximately $26,000. Arlington Trust Co LLC acquired a new stake in Barrick Mining in the third quarter worth $26,000. Finally, Ameriflex Group Inc. bought a new position in shares of Barrick Mining during the second quarter worth $27,000. Institutional investors own 90.82% of the company’s stock.

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Barrick Mining Stock Performance

Shares of B opened at $48.68 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. The firm has a 50-day moving average of $42.65 and a 200-day moving average of $32.92. The company has a market cap of $81.56 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 0.41 and a beta of 0.41. Barrick Mining Corporation has a one year low of $15.47 and a one year high of $50.51.

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

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, November 28th. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio (DPR) is currently 33.82%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. TD Securities raised their price objective on Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Wall Street Zen lowered Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. UBS Group boosted their price objective on shares of Barrick Mining from $39.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Barrick Mining in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.17.

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Barrick Mining Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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