BlueCrest Capital Management Ltd Buys Shares of 57,645 Barrick Mining Corporation $B

BlueCrest Capital Management Ltd purchased a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 57,645 shares of the gold and copper producer’s stock, valued at approximately $1,889,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of B. Greenfield Seitz Capital Management LLC bought a new position in shares of Barrick Mining in the third quarter valued at approximately $10,783,000. CIBC Private Wealth Group LLC grew its stake in Barrick Mining by 58.0% during the third quarter. CIBC Private Wealth Group LLC now owns 3,973 shares of the gold and copper producer’s stock valued at $130,000 after acquiring an additional 1,458 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Barrick Mining during the 3rd quarter worth approximately $299,000. Captrust Financial Advisors lifted its stake in Barrick Mining by 12.0% in the 3rd quarter. Captrust Financial Advisors now owns 200,642 shares of the gold and copper producer’s stock worth $6,575,000 after purchasing an additional 21,449 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in Barrick Mining in the 3rd quarter worth approximately $240,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Price Performance

Shares of NYSE:B opened at $42.78 on Wednesday. The company’s fifty day moving average price is $47.81 and its 200-day moving average price is $40.36. The firm has a market capitalization of $71.66 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.35 and a beta of 0.41. Barrick Mining Corporation has a one year low of $17.00 and a one year high of $54.69. 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 posted its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. On average, equities research analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.42 per share. The ex-dividend date was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 3.9%. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Citigroup increased their price objective on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $48.00 in a research note on Monday, November 24th. ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.