Recurrent Investment Advisors LLC Increases Stock Holdings in Barrick Mining Corporation $B

Recurrent Investment Advisors LLC increased its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 229,763 shares of the gold and copper producer’s stock after purchasing an additional 13,958 shares during the quarter. Barrick Mining accounts for 0.6% of Recurrent Investment Advisors LLC’s holdings, making the stock its 25th biggest holding. Recurrent Investment Advisors LLC’s holdings in Barrick Mining were worth $7,529,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of B. Bank of New York Mellon Corp purchased a new position in Barrick Mining during the second quarter worth $33,811,000. Savant Capital LLC purchased a new stake in shares of Barrick Mining in the second quarter valued at $490,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Barrick Mining in the second quarter valued at $256,000. Wedbush Securities Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter worth about $267,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Barrick Mining in the 2nd quarter worth about $68,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Down 2.1%

NYSE B opened at $44.50 on Friday. The stock has a market cap of $74.55 billion, a PE ratio of 15.19, a PEG ratio of 1.42 and a beta of 0.41. Barrick Mining Corporation has a 12 month low of $17.00 and a 12 month high of $54.69. The company’s 50-day moving average price is $47.99 and its 200-day moving average price is $39.83. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business’s revenue was up 44.6% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 27th. Barrick Mining’s dividend payout ratio is 57.34%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $71.00 price target on shares of Barrick Mining in a report on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Scotiabank upped their target price on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a report on Monday, February 9th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and an average price target of $55.25.

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.