388,731 Shares in Barrick Mining Corporation $B Bought by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 388,731 shares of the gold and copper producer’s stock, valued at approximately $12,739,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC raised its holdings in Barrick Mining by 19.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock worth $74,000 after purchasing an additional 373 shares in the last quarter. Legend Financial Advisors Inc. boosted its holdings in shares of Barrick Mining by 0.9% in the 3rd quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock valued at $1,479,000 after buying an additional 399 shares in the last quarter. Ascent Group LLC grew its position in shares of Barrick Mining by 2.9% in the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock worth $476,000 after buying an additional 404 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its position in shares of Barrick Mining by 1.1% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 36,792 shares of the gold and copper producer’s stock worth $1,206,000 after buying an additional 410 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Barrick Mining by 16.0% during the 3rd quarter. Parallel Advisors LLC now owns 4,214 shares of the gold and copper producer’s stock worth $138,000 after acquiring an additional 581 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Up 0.1%

Shares of NYSE:B opened at $45.40 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The stock has a market cap of $76.06 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.42 and a beta of 0.41. The business has a 50-day moving average price of $47.86 and a 200-day moving average price of $39.47.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. Equities analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.42 dividend. The ex-dividend date is Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.7%. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

Analysts Set New Price Targets

Several brokerages have weighed in on B. TD Cowen restated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Raymond James Financial raised their price objective on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $71.00 price target on shares of Barrick Mining in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $55.25.

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.