University of Texas Texas AM Investment Management Co. Makes New $1.47 Million Investment in Barrick Mining Corporation $B

University of Texas Texas AM Investment Management Co. acquired a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 4th quarter, Holdings Channel.com reports. The fund acquired 33,672 shares of the gold and copper producer’s stock, valued at approximately $1,466,000.

Other large investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd raised its holdings in Barrick Mining by 113.2% in the 3rd quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock valued at $130,764,000 after acquiring an additional 2,115,800 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of Barrick Mining during the 3rd quarter valued at $1,889,000. WINTON GROUP Ltd acquired a new stake in Barrick Mining during the third quarter worth about $12,739,000. Picton Mahoney Asset Management boosted its position in shares of Barrick Mining by 1,673.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock worth $51,797,000 after acquiring an additional 1,488,438 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of Barrick Mining in the 3rd quarter valued at $111,426,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

NYSE:B opened at $41.85 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 52 week low of $20.35 and a 52 week high of $54.69. The business’s 50-day simple moving average is $41.52 and its two-hundred day simple moving average is $43.90. The stock has a market cap of $69.61 billion, a PE ratio of 11.56, a P/E/G ratio of 1.14 and a beta of 0.43.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s quarterly revenue was up 66.7% compared to the same quarter last year. As a group, analysts forecast that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. Barrick Mining’s dividend payout ratio (DPR) is currently 19.34%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays assumed coverage on Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price on the stock. Canaccord Genuity Group dropped their price objective on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. UBS Group raised their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.46.

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.