Barrick Mining Corporation $B Stock Acquired by Ninety One UK Ltd

Ninety One UK Ltd increased its position in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,143,606 shares of the gold and copper producer’s stock after purchasing an additional 1,640,224 shares during the period. Barrick Mining accounts for approximately 1.3% of Ninety One UK Ltd’s portfolio, making the stock its 20th largest position. Ninety One UK Ltd owned 0.87% of Barrick Mining worth $575,220,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Barrick Mining by 10.9% in the first quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock valued at $1,615,225,000 after buying an additional 3,881,841 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Barrick Mining by 1.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 14,992,792 shares of the gold and copper producer’s stock worth $612,067,000 after buying an additional 175,342 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Barrick Mining by 13.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,087,570 shares of the gold and copper producer’s stock worth $258,645,000 after acquiring an additional 824,520 shares in the last quarter. Swiss National Bank boosted its position in shares of Barrick Mining by 25.9% during the 1st quarter. Swiss National Bank now owns 5,680,129 shares of the gold and copper producer’s stock worth $231,788,000 after acquiring an additional 1,167,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Barrick Mining by 335.8% during the 1st quarter. Renaissance Technologies LLC now owns 5,476,478 shares of the gold and copper producer’s stock worth $223,386,000 after acquiring an additional 4,219,700 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on B shares. Barclays increased their price objective on Barrick Mining from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Bank of America decreased their target price on Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Royal Bank Of Canada upped their price target on Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. increased their price target on shares of Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Finally, UBS Group cut their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.39.

View Our Latest Report on Barrick Mining

Barrick Mining Stock Performance

B traded up $1.22 on Thursday, reaching $40.11. The company had a trading volume of 3,677,182 shares, compared to its average volume of 12,283,300. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 1 year low of $30.35 and a 1 year high of $54.69. The stock has a market capitalization of $65.57 billion, a PE ratio of 10.32, a P/E/G ratio of 1.25 and a beta of 0.48. The stock has a 50-day moving average price of $42.95 and a 200-day moving average price of $40.93.

Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the company posted $0.47 earnings per share. The business’s quarterly revenue was up 43.8% compared to the same quarter last year. As a group, research analysts forecast that Barrick Mining Corporation will post 3.52 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a $0.1750 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is 18.04%.

About Barrick Mining

(Free Report)

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.

See Also

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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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