Mackenzie Financial Corp Has $417.74 Million Stock Holdings in Barrick Mining Corporation $B

Mackenzie Financial Corp boosted its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,721,334 shares of the gold and copper producer’s stock after acquiring an additional 893,630 shares during the quarter. Mackenzie Financial Corp owned 0.75% of Barrick Mining worth $417,739,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC acquired a new stake in shares of Barrick Mining in the 3rd quarter valued at $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Barrick Mining in the 3rd quarter valued at $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Barrick Mining during the 2nd quarter worth $33,000. Investors Research Corp bought a new stake in shares of Barrick Mining during the 3rd quarter worth $36,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Barrick Mining during the 2nd quarter worth $37,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Price Performance

B stock opened at $46.11 on Wednesday. The company has a market capitalization of $77.25 billion, a P/E ratio of 15.74, a PEG ratio of 1.43 and a beta of 0.41. The company has a fifty day moving average price of $47.94 and a 200-day moving average price of $39.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69.

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 company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business’s quarterly revenue was up 44.6% on a year-over-year basis. As a group, equities analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.42 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Barrick Mining’s dividend payout ratio is presently 57.34%.

Analysts Set New Price Targets

B has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a report on Wednesday, November 26th. Cormark upgraded shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus 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.