Mitsubishi UFJ Trust & Banking Corp Increases Holdings in Barrick Mining Corporation $B

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 559,796 shares of the gold and copper producer’s stock after purchasing an additional 80,666 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Barrick Mining were worth $18,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in Barrick Mining during the 2nd quarter valued at approximately $1,771,000. Farther Finance Advisors LLC purchased a new position in shares of Barrick Mining during the second quarter worth $215,000. Fifth Third Bancorp acquired a new position in Barrick Mining during the second quarter valued at $132,000. Signaturefd LLC purchased a new stake in Barrick Mining in the second quarter valued at $641,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Barrick Mining in the second quarter valued at $25,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the subject of several analyst reports. Royal Bank Of Canada boosted their price objective on Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 27th. TD Securities lifted their price target on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. UBS Group raised their price objective on shares of Barrick Mining from $39.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, TD Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $48.73.

Barrick Mining Price Performance

Barrick Mining stock opened at $51.29 on Tuesday. The stock has a market capitalization of $85.93 billion, a P/E ratio of 24.78, a P/E/G ratio of 0.44 and a beta of 0.41. The company’s fifty day moving average price is $44.27 and its 200 day moving average price is $34.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. Barrick Mining Corporation has a 1 year low of $15.70 and a 1 year high of $53.29.

Barrick Mining (NYSE:B) (TSE:ABX) last posted 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 company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. As a group, equities research analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is presently 33.82%.

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.