Barrick Mining Corporation (NYSE:B – Get Free Report) (TSE:ABX) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.175 per share by the gold and copper producer on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.
Barrick Mining has decreased its dividend payment by an average of 0.0%annually over the last three years. Barrick Mining has a payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Barrick Mining to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 16.9%.
Barrick Mining Stock Down 2.1%
B stock opened at $40.02 on Wednesday. The company has a market cap of $65.87 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.87 and a beta of 0.47. The company has a fifty day moving average price of $38.28 and a 200 day moving average price of $41.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. Barrick Mining has a 12 month low of $22.95 and a 12 month high of $54.69.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. FIL Ltd raised its position in shares of Barrick Mining by 85.3% during the 4th quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock worth $1,311,169,000 after purchasing an additional 13,853,587 shares during the last quarter. Van ECK Associates Corp grew its holdings in Barrick Mining by 22.8% during the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock valued at $2,413,699,000 after buying an additional 10,287,544 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Barrick Mining during the 2nd quarter valued at $211,263,000. Canada Pension Plan Investment Board purchased a new position in Barrick Mining during the second quarter worth $172,230,000. Finally, Mackenzie Financial Corp increased its position in Barrick Mining by 61.9% during the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock worth $909,104,000 after buying an additional 7,870,411 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining Company 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.
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