PKO Investment Management Joint Stock Co Acquires 12,700 Shares of Barrick Mining Corporation $B

PKO Investment Management Joint Stock Co lifted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 705,921 shares of the gold and copper producer’s stock after acquiring an additional 12,700 shares during the quarter. Barrick Mining comprises approximately 2.0% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 12th largest position. PKO Investment Management Joint Stock Co’s holdings in Barrick Mining were worth $23,198,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of B. Vermillion Wealth Management Inc. bought a new stake in Barrick Mining during the 2nd quarter valued at approximately $25,000. Crowley Wealth Management Inc. acquired a new position in shares of Barrick Mining during the second quarter valued at about $26,000. Concord Wealth Partners acquired a new position in Barrick Mining in the 2nd quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new position in shares of Barrick Mining in the second quarter valued at $27,000. Finally, Trifecta Capital Advisors LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $27,000. 90.82% of the stock is owned by institutional investors.

Barrick Mining Stock Performance

Shares of B opened at $49.10 on Tuesday. The firm has a market cap of $82.66 billion, a P/E ratio of 23.72, a PEG ratio of 0.40 and a beta of 0.41. Barrick Mining Corporation has a twelve month low of $15.31 and a twelve month high of $49.74. 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 firm’s 50 day moving average price is $41.29 and its two-hundred day moving average price is $32.20.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data 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. 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 the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio (DPR) is 33.82%.

Analyst Ratings Changes

Several research firms recently commented on B. Canaccord Genuity Group raised their target price on Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Citigroup upgraded shares of Barrick Mining from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Sanford C. Bernstein restated an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, September 24th. Jefferies Financial Group restated a “buy” rating and issued a $55.00 price objective on shares of Barrick Mining in a report on Sunday, December 7th. Finally, BNP Paribas upgraded Barrick Mining to a “neutral” rating and set a $50.00 target price on the stock in a report on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $47.17.

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.