Franklin Resources Inc. Has $273.57 Million Stake in Barrick Mining Corporation $B

Franklin Resources Inc. boosted its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,281,522 shares of the gold and copper producer’s stock after buying an additional 981,345 shares during the quarter. Franklin Resources Inc. owned approximately 0.37% of Barrick Mining worth $273,569,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Capital International Investors boosted its stake 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 valued at $3,340,709,000 after buying an additional 26,921,219 shares in the last quarter. Vanguard Group Inc. boosted its stake in Barrick Mining by 1.1% in the third quarter. Vanguard Group Inc. now owns 70,878,168 shares of the gold and copper producer’s stock worth $2,327,991,000 after purchasing an additional 767,544 shares in the last quarter. TD Asset Management Inc boosted its stake in Barrick Mining by 5.6% in the fourth quarter. TD Asset Management Inc now owns 20,395,667 shares of the gold and copper producer’s stock worth $889,627,000 after purchasing an additional 1,086,332 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Barrick Mining by 8.8% in the fourth quarter. CIBC Asset Management Inc now owns 19,902,944 shares of the gold and copper producer’s stock worth $869,964,000 after purchasing an additional 1,615,386 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Barrick Mining by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 17,733,900 shares of the gold and copper producer’s stock worth $802,477,000 after purchasing an additional 1,154,790 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on B. Canadian Imperial Bank of Commerce reduced their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Canaccord Genuity Group dropped their target price on Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price for the company. Finally, UBS Group boosted their target price on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and an average price target of $53.46.

Barrick Mining Trading Down 0.9%

NYSE B opened at $39.09 on Wednesday. The stock has a 50-day simple moving average of $41.61 and a 200 day simple moving average of $43.85. The company has a market capitalization of $65.03 billion, a PE ratio of 10.80, a P/E/G ratio of 1.12 and a beta of 0.44. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12 month low of $19.94 and a 12 month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s quarterly revenue was up 66.7% compared to the same quarter last year. Research analysts forecast that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is 19.34%.

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.