Perpetual Ltd Has $100.56 Million Position in Barrick Mining Corporation $B

Perpetual Ltd lifted its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,068,685 shares of the gold and copper producer’s stock after acquiring an additional 22,600 shares during the period. Barrick Mining makes up approximately 1.2% of Perpetual Ltd’s portfolio, making the stock its 23rd biggest position. Perpetual Ltd owned approximately 0.18% of Barrick Mining worth $100,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in B. Hedges Asset Management LLC grew its stake in Barrick Mining by 1.7% during the third quarter. Hedges Asset Management LLC now owns 61,000 shares of the gold and copper producer’s stock worth $1,999,000 after purchasing an additional 1,000 shares during the period. Investors Research Corp acquired a new position in Barrick Mining in the third quarter valued at approximately $36,000. Vermillion Wealth Management Inc. bought a new position in shares of Barrick Mining during the 2nd quarter worth approximately $25,000. Concord Wealth Partners acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $26,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $26,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

B has been the topic of a number of research reports. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and boosted their target price for the company from $38.00 to $48.00 in a research report on Monday, November 24th. Zacks Research raised shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Canaccord Genuity Group upped their price objective on shares of Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, October 9th. BNP Paribas Exane upgraded Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Friday, December 5th. Finally, Raymond James Financial boosted their target price on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $47.17.

Barrick Mining Trading Up 2.1%

NYSE B opened at $44.77 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $37.19 and a 200 day simple moving average of $29.26. Barrick Mining Corporation has a 12 month low of $15.16 and a 12 month high of $45.43. The firm has a market capitalization of $75.38 billion, a P/E ratio of 21.63, a PEG ratio of 0.45 and a beta of 0.40.

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

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.175 dividend. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. This represents a $0.70 annualized dividend and a yield of 1.6%. Barrick Mining’s dividend payout ratio (DPR) is 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.