Venturi Wealth Management LLC Makes New $421,000 Investment in Barrick Mining Corporation $B

Venturi Wealth Management LLC purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,861 shares of the gold and copper producer’s stock, valued at approximately $421,000.

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

Barrick Mining Trading Up 0.6%

Shares of Barrick Mining stock opened at $47.75 on Friday. The stock has a market cap of $80.39 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 0.40 and a beta of 0.41. The firm has a fifty day moving average price of $40.97 and a 200 day moving average price of $31.85. Barrick Mining Corporation has a 1 year low of $15.31 and a 1 year high of $48.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion for 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 firm’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Equities research analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently announced 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%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s dividend payout ratio is 33.82%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. Citigroup raised shares of Barrick Mining from a “hold” rating to a “buy” rating in a report on Monday, November 24th. BNP Paribas raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price objective on the stock in a report on Friday, December 5th. TD Securities upped their target price on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $47.17.

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.