Transcend Capital Advisors LLC Takes $473,000 Position in Barrick Mining Corporation $B

Transcend Capital Advisors LLC bought a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,424 shares of the gold and copper producer’s stock, valued at approximately $473,000.

Several other institutional investors also recently bought and sold shares of the stock. Independent Advisor Alliance increased its holdings in Barrick Mining by 11.9% in the 3rd quarter. Independent Advisor Alliance now owns 10,849 shares of the gold and copper producer’s stock valued at $356,000 after acquiring an additional 1,152 shares during the last quarter. Welch & Forbes LLC purchased a new position in shares of Barrick Mining during the third quarter valued at about $213,000. Arizona State Retirement System purchased a new position in shares of Barrick Mining during the third quarter valued at about $999,000. Banyan Capital Management Inc. bought a new stake in shares of Barrick Mining in the third quarter worth about $567,000. Finally, MTM Investment Management LLC bought a new position in Barrick Mining during the third quarter valued at approximately $115,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

B has been the topic of several recent research reports. CIBC upped their price objective on Barrick Mining from $38.00 to $50.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Scotiabank lifted their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, TD Securities boosted their target price on shares of Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Barrick Mining presently has a consensus rating of “Buy” and an average price target of $51.33.

Barrick Mining Stock Performance

NYSE:B opened at $47.55 on Wednesday. The firm has a market capitalization of $79.66 billion, a PE ratio of 22.97, a PEG ratio of 0.38 and a beta of 0.40. The stock’s fifty day moving average is $45.67 and its 200 day moving average is $35.42. Barrick Mining Corporation has a fifty-two week low of $16.46 and a fifty-two week high of $54.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. Barrick Mining’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio 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.