Regal Partners Ltd Buys 428,963 Shares of Barrick Mining Corporation $B

Regal Partners Ltd boosted its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 145.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 722,989 shares of the gold and copper producer’s stock after acquiring an additional 428,963 shares during the quarter. Barrick Mining accounts for 1.7% of Regal Partners Ltd’s portfolio, making the stock its 17th biggest holding. Regal Partners Ltd’s holdings in Barrick Mining were worth $23,692,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of B. Vanguard Group Inc. boosted its stake 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 buying an additional 767,544 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Barrick Mining during the 2nd quarter worth about $1,091,122,000. TD Asset Management Inc grew its stake in shares of Barrick Mining by 3.8% during the third quarter. TD Asset Management Inc now owns 19,309,335 shares of the gold and copper producer’s stock valued at $634,346,000 after buying an additional 715,151 shares during the last quarter. CIBC Asset Management Inc grew its position in Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after acquiring an additional 13,891,886 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in shares of Barrick Mining in the second quarter worth about $307,855,000. 90.82% of the stock is owned by institutional investors.

Barrick Mining Stock Up 0.1%

Shares of NYSE:B opened at $45.40 on Friday. The stock has a market cap of $76.06 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.42 and a beta of 0.41. The firm’s 50 day moving average price is $47.86 and its 200 day moving average price is $39.37. Barrick Mining Corporation has a fifty-two week low of $17.00 and a fifty-two 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.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company’s quarterly revenue was up 44.6% compared to the same quarter last year. As a group, equities research analysts predict 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. Investors of record on Friday, February 27th will be issued a dividend of $0.42 per share. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, February 27th. Barrick Mining’s dividend payout ratio is currently 57.34%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Canaccord Genuity Group decreased their target price on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $48.00 in a research report on Monday, November 24th. Finally, TD Cowen restated a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Two 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 company’s stock. According to MarketBeat.com, Barrick Mining 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.