Public Sector Pension Investment Board Raises Position in Barrick Mining Corporation $B

Public Sector Pension Investment Board increased its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 76.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,175 shares of the gold and copper producer’s stock after purchasing an additional 127,400 shares during the period. Public Sector Pension Investment Board’s holdings in Barrick Mining were worth $9,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC purchased a new position in shares of Barrick Mining during the 3rd quarter worth approximately $26,000. Wealth Preservation Advisors LLC purchased a new position in Barrick Mining in the second quarter worth $33,000. Investors Research Corp acquired a new stake in Barrick Mining in the third quarter valued at $36,000. CENTRAL TRUST Co purchased a new stake in shares of Barrick Mining during the 2nd quarter worth $37,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Barrick Mining during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on B shares. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Barrick Mining in a research note on Sunday, December 7th. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. ATB Cormark Capital Markets raised Barrick Mining to a “moderate buy” rating in a research note on Monday, February 9th. Scotiabank raised their price objective 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, DZ Bank raised Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Two investment 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.58.

Barrick Mining Trading Up 5.7%

Shares of B opened at $47.99 on Tuesday. 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 Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The stock has a market cap of $80.40 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 0.39 and a beta of 0.40. The firm has a 50 day simple moving average of $46.66 and a 200-day simple moving average of $37.01.

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

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. This is a boost 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.