Vestcor Inc Makes New Investment in Barrick Mining Corporation $B

Vestcor Inc acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 87,500 shares of the gold and copper producer’s stock, valued at approximately $2,867,000.

Several other large investors also recently added to or reduced their stakes in the business. Arlington Trust Co LLC bought a new stake in Barrick Mining in the 3rd quarter valued at $26,000. Provenance Wealth Advisors LLC acquired a new stake in shares of Barrick Mining during the 3rd quarter worth approximately $32,000. Wealth Preservation Advisors LLC bought a new stake in Barrick Mining in the second quarter valued at about $33,000. Investors Research Corp bought a new position in shares of Barrick Mining during the third quarter worth $36,000. Finally, CENTRAL TRUST Co bought a new position in shares of Barrick Mining during the 2nd quarter valued at about $37,000. 90.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on B. Canaccord Genuity Group dropped their price objective on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $71.00 target price on shares of Barrick Mining in a research report on Wednesday, February 4th. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Friday, December 5th. UBS Group set a $55.00 price target on shares of Barrick Mining in a report on Friday, February 6th. Finally, ATB Cormark Capital Markets raised shares of Barrick Mining to a “moderate buy” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

Barrick Mining Price Performance

Shares of NYSE B opened at $46.11 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $47.94 and its 200-day moving average price is $39.75. The firm has a market capitalization of $77.25 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.43 and a beta of 0.41. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.Barrick Mining’s revenue for the quarter was up 44.6% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.42 per share. 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 3.6%. The ex-dividend date is Friday, February 27th. Barrick Mining’s dividend payout ratio is 57.34%.

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.