Fulcrum Asset Management LLP acquired a new stake in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 36,360 shares of the gold and copper producer’s stock, valued at approximately $1,479,000.
Several other institutional investors have also modified their holdings of B. Ascentis Independent Advisors bought a new position in Barrick Mining during the first quarter valued at about $28,000. Continuum Advisory LLC bought a new stake in Barrick Mining in the second quarter worth about $32,000. Allied Private Wealth LLC bought a new stake in Barrick Mining in the second quarter worth about $35,000. Root Financial Partners LLC bought a new stake in Barrick Mining in the third quarter worth about $38,000. Finally, Main Street Group LTD acquired a new stake in Barrick Mining in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining News Roundup
These are some of the B news items that stood out recently:
- Positive Sentiment: Gold-mining shares rose Wednesday as bullion modestly rebounded from its prior-session drop, offering a near-term tailwind for Barrick. Gold mining stocks rise as bullion climbs after inflation-driven slide
- Positive Sentiment: Barrick’s third-quarter adjusted earnings of $0.82 per share topped estimates, and the company reaffirmed its 2026 production guidance. The planned IPO may also help highlight the value of its North American gold assets. Barrick Q3 Earnings Call Highlights IPO Plans and Cost Discipline
- Negative Sentiment: Cost inflation has weighed on the earnings response. Gold all-in sustaining costs rose to $1,911 per ounce and copper costs to $4.52 per pound, with Barrick citing factors including lower grades, royalties, fuel and labor costs. The cost pressure, alongside a sharp prior-session gold decline after hotter U.S. inflation data, overshadowed profit growth. Barrick Mining Falls as Rising Costs Overshadow Strong Quarterly Profit Growth
Barrick Mining Price Performance
Shares of NYSE:B opened at $39.06 on Thursday. The firm has a market cap of $63.62 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 1.22 and a beta of 0.52. Barrick Mining Corporation has a 1 year low of $34.03 and a 1 year high of $54.69. The company has a current ratio of 2.73, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $41.07 and a 200 day simple moving average of $41.84.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, November 9th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $5.10 billion. Barrick Mining had a net margin of 30.32% and a return on equity of 16.65%. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, sell-side analysts predict that Barrick Mining Corporation will post 3.54 earnings per share for the current fiscal year.
Barrick Mining Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 30th. Barrick Mining’s dividend payout ratio is presently 18.04%.
Wall Street Analyst Weigh In
B has been the topic of several recent research reports. Sanford C. Bernstein lowered their price objective on shares of Barrick Mining from $61.00 to $56.50 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. Royal Bank Of Canada increased their target price on shares of Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Scotiabank reduced their target price on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, August 12th. Freedom Broker cut shares of Barrick Mining from a “buy” rating to a “hold” rating and reduced their target price for the stock from $54.00 to $46.00 in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Barrick Mining from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.47.
Read Our Latest Research Report on B
Barrick Mining Company Profile
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.
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