Skylands Capital LLC Makes New $10.13 Million Investment in Barrick Mining Corporation $B

Skylands Capital LLC bought a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, Holdings Channel.com reports. The fund bought 309,175 shares of the gold and copper producer’s stock, valued at approximately $10,132,000. Barrick Mining accounts for approximately 1.4% of Skylands Capital LLC’s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners bought a new stake in Barrick Mining during the 2nd quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in shares of Barrick Mining in the 3rd quarter valued at approximately $26,000. Bayforest Capital Ltd bought a new stake in shares of Barrick Mining during the second quarter valued at approximately $31,000. Wealth Preservation Advisors LLC purchased a new stake in Barrick Mining in the second quarter worth $33,000. Finally, Nexus Investment Management ULC bought a new position in Barrick Mining in the second quarter worth $34,000. 90.82% of the stock is owned by institutional investors.

Barrick Mining Trading Up 0.7%

NYSE:B opened at $46.97 on Wednesday. The stock has a market cap of $78.69 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.39 and a beta of 0.40. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average price is $46.12 and its 200-day moving average price is $36.28. Barrick Mining Corporation has a 52 week low of $17.00 and a 52 week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining’s revenue for the quarter was up 44.6% compared to the same quarter last year. On average, equities research analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Barrick Mining’s dividend payout ratio is currently 57.34%.

Analyst Ratings Changes

B has been the topic of a number of research reports. Atb Cormark Cm upgraded shares of Barrick Mining to a “moderate buy” rating in a report on Monday. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 target price on shares of Barrick Mining in a report on Sunday, December 7th. Finally, UBS Group set a $55.00 price target on Barrick Mining in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.58.

Barrick Mining 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.