United Financial Planning Group LLC Acquires New Shares in Barrick Mining Corporation $B

United Financial Planning Group LLC bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, HoldingsChannel reports. The fund bought 25,886 shares of the gold and copper producer’s stock, valued at approximately $848,000. Barrick Mining makes up about 0.5% of United Financial Planning Group LLC’s portfolio, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of B. Arlington Trust Co LLC purchased a new stake in shares of Barrick Mining during the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC purchased a new position in shares of Barrick Mining during the third quarter valued at approximately $32,000. Wealth Preservation Advisors LLC bought a new position in Barrick Mining during the second quarter valued at approximately $33,000. Investors Research Corp bought a new position in Barrick Mining during the third quarter valued at approximately $36,000. Finally, CENTRAL TRUST Co purchased a new stake in Barrick Mining in the second quarter worth approximately $37,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of B opened at $42.31 on Friday. Barrick Mining Corporation has a 52 week low of $17.00 and a 52 week high of $54.69. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The stock has a market cap of $70.88 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.39 and a beta of 0.41. The business has a 50-day simple moving average of $47.96 and a two-hundred day simple moving average of $39.94.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $5.15 billion. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. On average, analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s payout ratio is 57.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on B shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Canaccord Genuity Group reduced their price objective on Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.25.

Barrick Mining 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.