Perigon Wealth Management LLC Has $1.44 Million Stake in Barrick Mining Corporation $B

Perigon Wealth Management LLC lowered its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 73.5% during the third quarter, HoldingsChannel.com reports. The fund owned 43,959 shares of the gold and copper producer’s stock after selling 122,096 shares during the quarter. Perigon Wealth Management LLC’s holdings in Barrick Mining were worth $1,441,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Financial Group LLC acquired a new stake in Barrick Mining during the second quarter worth approximately $352,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $464,000. Fractal Investments LLC bought a new stake in shares of Barrick Mining in the 2nd quarter valued at $341,000. Hedges Asset Management LLC acquired a new position in shares of Barrick Mining during the 2nd quarter valued at $1,249,000. Finally, Parallel Advisors LLC bought a new position in Barrick Mining during the second quarter worth $76,000. 90.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

B has been the subject of several research analyst reports. Scotiabank raised shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $27.50 to $43.00 in a research note on Thursday, October 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, September 24th. BNP Paribas Exane upgraded Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Friday, December 5th. Royal Bank Of Canada boosted their price objective on Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Barrick Mining presently has a consensus rating of “Buy” and an average price target of $47.17.

Barrick Mining Price Performance

B stock opened at $44.22 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. The business has a 50-day simple moving average of $38.78 and a two-hundred day simple moving average of $30.61. The company has a market capitalization of $74.46 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 0.45 and a beta of 0.40. Barrick Mining Corporation has a 52-week low of $15.31 and a 52-week high of $46.45.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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 return on equity of 9.48% and a net margin of 24.53%.The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.175 per share. This is a boost 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%.

About Barrick Mining

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.