Regal Partners Ltd Increases Holdings in Barrick Mining Corporation $B

Regal Partners Ltd increased its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 145.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 722,989 shares of the gold and copper producer’s stock after purchasing an additional 428,963 shares during the period. Barrick Mining accounts for 1.7% of Regal Partners Ltd’s investment portfolio, making the stock its 17th largest position. Regal Partners Ltd’s holdings in Barrick Mining were worth $23,692,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in B. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Barrick Mining by 19.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock worth $74,000 after buying an additional 373 shares in the last quarter. Legend Financial Advisors Inc. raised its position in shares of Barrick Mining by 0.9% in the third quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock worth $1,479,000 after buying an additional 399 shares in the last quarter. Ascent Group LLC boosted its stake in Barrick Mining by 2.9% during the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after buying an additional 404 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in Barrick Mining by 1.1% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 36,792 shares of the gold and copper producer’s stock worth $1,206,000 after acquiring an additional 410 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Barrick Mining by 16.0% in the 3rd quarter. Parallel Advisors LLC now owns 4,214 shares of the gold and copper producer’s stock valued at $138,000 after acquiring an additional 581 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 0.1%

NYSE B opened at $45.40 on Friday. The business’s 50-day moving average is $47.86 and its 200 day moving average is $39.37. The stock has a market capitalization of $76.06 billion, a PE ratio of 15.49, a PEG ratio of 1.42 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The business’s revenue for the quarter was up 44.6% on a year-over-year basis. Sell-side analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.7%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 27th. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on B shares. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Scotiabank upped their target price on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a report on Sunday, December 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $71.00 price target on shares of Barrick Mining in a research note on Wednesday, February 4th. Finally, Canaccord Genuity Group reduced their price objective on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining 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.