Capital International Inc. CA Has $183.44 Million Stock Position in Barrick Mining Corporation $B

Capital International Inc. CA increased its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 36.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,587,188 shares of the gold and copper producer’s stock after acquiring an additional 1,503,135 shares during the period. Barrick Mining makes up approximately 1.5% of Capital International Inc. CA’s investment portfolio, making the stock its 10th biggest position. Capital International Inc. CA’s holdings in Barrick Mining were worth $183,443,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new stake in shares of Barrick Mining in the 3rd quarter valued at approximately $26,000. Provenance Wealth Advisors LLC purchased a new position in Barrick Mining during the third quarter worth $32,000. Wealth Preservation Advisors LLC bought a new position in Barrick Mining during the second quarter valued at $33,000. Investors Research Corp purchased a new stake in shares of Barrick Mining in the third quarter valued at $36,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Barrick Mining in the 2nd quarter worth about $37,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Stock Up 1.0%

Shares of B stock opened at $45.86 on Tuesday. The stock’s fifty day moving average price is $47.90 and its 200 day moving average price is $39.61. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The company has a market cap of $76.82 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth 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 (NYSE:B) (TSE:ABX) last released its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. Barrick Mining’s revenue for the quarter was up 44.6% compared to the same quarter last year. On average, research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on B shares. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and upped their price target for the company from $38.00 to $48.00 in a report on Monday, November 24th. Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $71.00 target price on shares of Barrick Mining in a research report on Wednesday, February 4th. ATB Cormark Capital Markets raised shares of Barrick Mining to a “moderate buy” rating in a research note on Monday, February 9th. Finally, DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and an average price target 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.