Barrick Mining (NYSE:B) Stock Price Up 1.7% – Still a Buy?

Barrick Mining Corporation (NYSE:B) (TSE:ABX) shares traded up 1.7% on Monday . The stock traded as high as $43.48 and last traded at $43.05. 12,602,948 shares traded hands during trading, a decline of 20% from the average session volume of 15,778,875 shares. The stock had previously closed at $42.34.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group decreased their price objective on Barrick Mining to $77.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. Jefferies Financial Group reissued a “buy” rating and issued a $55.00 price target on shares of Barrick Mining in a report on Sunday, December 7th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.25.

Barrick Mining Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The firm has a market capitalization of $72.12 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41. The firm’s 50 day moving average price is $47.96 and its 200-day moving average price is $40.12.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business’s quarterly revenue was up 44.6% on a year-over-year basis. On average, research analysts expect 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 given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 27th. Barrick Mining’s dividend payout ratio (DPR) is presently 57.34%.

Institutional Investors Weigh In On Barrick Mining

Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors increased its holdings in Barrick Mining by 35.9% in the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after acquiring an additional 26,921,219 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Barrick Mining by 1.1% during the third quarter. Vanguard Group Inc. now owns 70,878,168 shares of the gold and copper producer’s stock valued at $2,327,991,000 after purchasing an additional 767,544 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Barrick Mining by 22.8% in the fourth quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock valued at $2,413,699,000 after purchasing an additional 10,287,544 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Barrick Mining in the second quarter valued at about $1,091,122,000. Finally, FIL Ltd increased its stake in shares of Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock worth $1,311,169,000 after purchasing an additional 13,853,587 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.