5,081,880 Shares in Barrick Mining Corporation $B Purchased by Employees Provident Fund Board

Employees Provident Fund Board acquired a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,081,880 shares of the gold and copper producer’s stock, valued at approximately $221,664,000. Barrick Mining makes up approximately 1.6% of Employees Provident Fund Board’s investment portfolio, making the stock its 23rd biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Capital International Investors grew its position in shares of Barrick Mining by 35.9% during the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after purchasing an additional 26,921,219 shares in the last quarter. FIL Ltd raised its position in shares of Barrick Mining by 85.3% in the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock valued at $1,311,169,000 after buying an additional 13,853,587 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Barrick Mining by 22.8% in the fourth 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 in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Barrick Mining in the second quarter valued at approximately $211,263,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Barrick Mining in the second quarter valued at approximately $172,230,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays began coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target on the stock. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reduced their target price on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, UBS Group boosted their price target on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus target price of $53.46.

Barrick Mining Stock Down 0.0%

Shares of B opened at $40.32 on Friday. The firm has a 50 day simple moving average of $41.48 and a two-hundred day simple moving average of $43.88. 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 Corporation has a one year low of $20.35 and a one year high of $54.69. The company has a market cap of $67.07 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.15 and a beta of 0.44.

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

Barrick Mining Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is 19.34%.

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.