Barrick Mining Corporation $B Shares Purchased by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 55.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,500 shares of the gold and copper producer’s stock after purchasing an additional 37,500 shares during the quarter. Barrick Mining accounts for approximately 8.6% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 3rd largest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Barrick Mining were worth $3,467,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in Barrick Mining in the 2nd quarter valued at approximately $76,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Barrick Mining during the 2nd quarter worth approximately $1,771,000. Farther Finance Advisors LLC acquired a new stake in shares of Barrick Mining in the second quarter valued at approximately $215,000. AdvisorNet Financial Inc bought a new stake in shares of Barrick Mining in the second quarter worth $39,000. Finally, Fifth Third Bancorp acquired a new position in Barrick Mining during the second quarter worth $132,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and lifted their price target for the company from $38.00 to $48.00 in a research note on Monday, November 24th. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 target price on the stock in a research report on Friday, December 5th. DZ Bank raised Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Jefferies Financial Group restated a “buy” rating and issued a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. Finally, TD Securities upped their price objective on Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $46.91.

Barrick Mining Price Performance

NYSE:B opened at $51.04 on Friday. Barrick Mining Corporation has a 12-month low of $15.70 and a 12-month high of $51.09. The firm has a market capitalization of $85.50 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 0.42 and a beta of 0.41. The stock’s 50 day moving average price is $43.98 and its two-hundred day moving average price is $33.82. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, November 28th. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. Barrick Mining’s payout ratio is currently 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.