United Financial Planning Group LLC Takes $848,000 Position in Barrick Mining Corporation $B

United Financial Planning Group LLC bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,886 shares of the gold and copper producer’s stock, valued at approximately $848,000. Barrick Mining comprises about 0.5% of United Financial Planning Group LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. purchased a new position in Barrick Mining during the 2nd quarter valued at $1,459,633,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Barrick Mining in the 2nd quarter worth about $696,000. Philadelphia Trust Co. purchased a new stake in shares of Barrick Mining in the 2nd quarter worth about $1,412,000. CIBC Asset Management Inc boosted its stake in shares of Barrick Mining by 316.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after purchasing an additional 13,891,886 shares in the last quarter. Finally, Cadence Wealth Management LLC purchased a new position in shares of Barrick Mining during the second quarter valued at about $1,112,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Down 4.9%

Barrick Mining stock opened at $42.31 on Friday. Barrick Mining Corporation has a 12 month low of $17.00 and a 12 month high of $54.69. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $47.96 and its two-hundred day simple moving average is $39.94. The company has a market capitalization of $70.88 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.39 and a beta of 0.41.

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

Barrick Mining Increases Dividend

The company 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 is Friday, February 27th. This is a positive change 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 4.0%. Barrick Mining’s dividend payout ratio is currently 57.34%.

Analyst Upgrades and Downgrades

B has been the topic of several research reports. JPMorgan Chase & Co. began coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective on the stock. Canaccord Genuity Group dropped their price target on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. ATB Cormark Capital Markets upgraded Barrick Mining to a “moderate buy” rating in a report on Monday, February 9th. 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. Finally, Raymond James Financial boosted their target price on shares of Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

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.