Q3 Asset Management Acquires Shares of 106,796 Barrick Mining Corporation $B

Q3 Asset Management bought a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, Holdings Channel.com reports. The firm bought 106,796 shares of the gold and copper producer’s stock, valued at approximately $3,497,000. Barrick Mining comprises 1.2% of Q3 Asset Management’s investment portfolio, making the stock its 13th largest position.

A number of other large investors also recently bought and sold shares of B. Vanguard Group Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $1,459,633,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Barrick Mining in the second quarter worth $1,091,122,000. First Eagle Investment Management LLC bought a new position in Barrick Mining in the second quarter valued at about $822,056,000. TD Asset Management Inc purchased a new position in Barrick Mining in the second quarter worth about $386,328,000. Finally, Ninety One UK Ltd bought a new position in shares of Barrick Mining in the 2nd quarter worth approximately $326,862,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

B has been the subject of several recent research reports. UBS Group boosted their target price on shares of Barrick Mining from $39.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. BMO Capital Markets reiterated a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Raymond James Financial boosted their price target on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Finally, Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and boosted their price target for the company from $38.00 to $48.00 in a report on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $47.17.

Barrick Mining Stock Performance

NYSE B opened at $49.63 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a twelve month low of $15.31 and a twelve month high of $50.28. The business has a 50-day moving average price of $41.65 and a 200-day moving average price of $32.40. The firm has a market cap of $83.56 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.41.

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

Barrick Mining Increases Dividend

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

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.