Barrick Mining Corporation (B) To Go Ex-Dividend on February 27th

Barrick Mining Corporation (NYSE:B) (TSE:ABX) declared a quarterly dividend on Thursday, February 5th. Investors of record on Friday, February 27th will be given a dividend of 0.42 per share by the gold and copper producer on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, February 27th. This is a 140.0% increase from Barrick Mining’s previous quarterly dividend of $0.18.

Barrick Mining has raised its dividend payment by an average of 0.2%annually over the last three years. Barrick Mining has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Barrick Mining to earn $1.55 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 45.2%.

Barrick Mining Stock Up 2.9%

Shares of Barrick Mining stock opened at $45.23 on Friday. Barrick Mining has a twelve month low of $16.92 and a twelve month high of $54.69. The stock has a market cap of $75.78 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.36 and a beta of 0.40. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $45.92 and a 200 day moving average price of $35.73.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a return on equity of 12.31% and a net margin of 29.45%.The business’s quarterly revenue was up 44.6% on a year-over-year basis. Equities research analysts forecast that Barrick Mining will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Barrick Mining

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Barrick Mining by 30.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,330 shares of the gold and copper producer’s stock worth $189,000 after purchasing an additional 1,022 shares during the last quarter. Evoke Wealth LLC increased its position in Barrick Mining by 17.0% in the fourth quarter. Evoke Wealth LLC now owns 7,899 shares of the gold and copper producer’s stock worth $344,000 after buying an additional 1,147 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Barrick Mining in the fourth quarter worth $212,000. Global Retirement Partners LLC lifted its stake in Barrick Mining by 288.9% in the fourth quarter. Global Retirement Partners LLC now owns 17,329 shares of the gold and copper producer’s stock valued at $755,000 after buying an additional 12,873 shares during the last quarter. Finally, Great Diamond Partners LLC acquired a new position in shares of Barrick Mining during the fourth quarter valued at $2,393,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.