Keating Investment Counselors Inc. Decreases Stock Position in Barrick Mining Corporation $B

Keating Investment Counselors Inc. decreased its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 487,544 shares of the gold and copper producer’s stock after selling 31,892 shares during the quarter. Barrick Mining makes up about 4.6% of Keating Investment Counselors Inc.’s investment portfolio, making the stock its 5th largest position. Keating Investment Counselors Inc.’s holdings in Barrick Mining were worth $15,977,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Barrick Mining in the second quarter valued at $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new position in Barrick Mining during the 2nd quarter worth about $1,091,122,000. First Eagle Investment Management LLC acquired a new position in Barrick Mining during the 2nd quarter worth about $822,056,000. TD Asset Management Inc bought a new stake in Barrick Mining during the 2nd quarter worth about $386,328,000. Finally, Ninety One UK Ltd acquired a new stake in Barrick Mining in the 2nd quarter valued at about $326,862,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research note on Monday, September 22nd. National Bankshares upgraded shares of Barrick Mining to an “outperform” rating in a research report on Monday, September 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a report on Sunday, December 7th. Royal Bank Of Canada lifted their target price on Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Finally, Scotiabank upgraded Barrick Mining from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $27.50 to $43.00 in a research report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Mining presently has an average rating of “Buy” and an average price target of $47.17.

Barrick Mining Trading Up 1.2%

Shares of NYSE B opened at $49.63 on Wednesday. Barrick Mining Corporation has a fifty-two week low of $15.31 and a fifty-two week high of $50.28. The firm has a market capitalization of $83.56 billion, a P/E ratio of 23.98, a P/E/G ratio of 0.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. The company’s 50 day simple moving average is $41.65 and its 200 day simple moving average is $32.40.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS. On average, analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.175 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, November 28th. Barrick Mining’s dividend payout ratio is currently 33.82%.

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.