Metis Global Partners LLC Buys 22,902 Shares of Barrick Mining Corporation $B

Metis Global Partners LLC lifted its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,263 shares of the gold and copper producer’s stock after purchasing an additional 22,902 shares during the period. Metis Global Partners LLC’s holdings in Barrick Mining were worth $6,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE purchased a new stake in Barrick Mining in the second quarter worth about $620,000. IFP Advisors Inc bought a new position in shares of Barrick Mining in the 2nd quarter worth approximately $144,000. Apollon Wealth Management LLC purchased a new position in shares of Barrick Mining in the 2nd quarter valued at approximately $561,000. Concurrent Investment Advisors LLC purchased a new position in shares of Barrick Mining in the 2nd quarter valued at approximately $337,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Barrick Mining during the second quarter valued at approximately $1,403,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on B. Raymond James Financial increased their price objective on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. assumed coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target for the company. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Atb Cormark Cm upgraded shares of Barrick Mining to a “moderate buy” rating in a report on Monday. Finally, Cormark raised shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.58.

Barrick Mining Stock Down 4.7%

NYSE:B opened at $45.42 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The firm has a market cap of $76.10 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.38 and a beta of 0.40. Barrick Mining Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $54.69. The firm has a 50-day simple moving average of $46.36 and a two-hundred day simple moving average of $36.42.

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

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This represents a $1.68 annualized dividend and a yield of 3.7%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is 23.89%.

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.