Lebenthal Global Advisors LLC Increases Stock Position in Barrick Mining Corporation $B

Lebenthal Global Advisors LLC boosted its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 111.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,240 shares of the gold and copper producer’s stock after purchasing an additional 20,655 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Barrick Mining were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of B. Westside Investment Management Inc. bought a new position in Barrick Mining during the fourth quarter valued at approximately $25,000. Financial Consulate Inc. grew its position in Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after acquiring an additional 521 shares during the last quarter. Lodestone Wealth Management LLC bought a new position in Barrick Mining during the fourth quarter valued at approximately $35,000. Nisa Investment Advisors LLC bought a new position in Barrick Mining during the fourth quarter valued at approximately $35,000. Finally, Arlington Trust Co LLC bought a new position in Barrick Mining during the third quarter valued at approximately $26,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on B shares. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Canaccord Genuity Group reduced their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. JPMorgan Chase & Co. started coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus price target of $54.17.

Barrick Mining Stock Down 1.3%

Shares of Barrick Mining stock opened at $40.19 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a 52-week low of $17.41 and a 52-week high of $54.69. The stock has a market capitalization of $67.35 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.52 and a beta of 0.50. The company’s 50 day moving average price is $43.67 and its 200-day moving average price is $42.08.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. Equities research analysts forecast that Barrick Mining Corporation will post 3.61 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a $0.42 dividend. The ex-dividend date of this dividend was 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 yield of 4.2%. Barrick Mining’s payout ratio is 57.34%.

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.