Barrick Mining Corporation (B) To Go Ex-Dividend on February 27th

Barrick Mining Corporation (NYSE:B) (TSE:ABX) declared a quarterly dividend on Thursday, February 5th. Investors of record on Friday, February 27th will be paid a dividend of 0.42 per share by the gold and copper producer on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. This is a 140.0% increase from Barrick Mining’s previous quarterly dividend of $0.18.

Barrick Mining has decreased its dividend by an average of 0.0%annually over the last three years. Barrick Mining has a payout ratio of 74.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Barrick Mining to earn $1.55 per share next year, which means the company may not be able to cover its $1.68 annual dividend with an expected future payout ratio of 108.4%.

Barrick Mining Stock Up 1.0%

Barrick Mining stock opened at $49.70 on Wednesday. The business’s 50-day simple moving average is $47.37 and its two-hundred day simple moving average is $38.10. 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 company has a market cap of $83.27 billion, a PE ratio of 16.96, a PEG ratio of 0.40 and a beta of 0.40. Barrick Mining has a fifty-two week low of $17.00 and a fifty-two week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion during 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%.The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. Equities analysts anticipate that Barrick Mining will post 1.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Financial Consulate Inc. increased its stake in shares of Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after purchasing an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Barrick Mining during the fourth quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new stake in Barrick Mining in the third quarter valued at approximately $26,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of Barrick Mining in the fourth quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Barrick Mining in the third quarter valued at approximately $28,000. 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.