Sapient Capital LLC Has $3.79 Million Stake in Barrick Mining Corporation $B

Sapient Capital LLC increased its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 795.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,198 shares of the gold and copper producer’s stock after buying an additional 101,440 shares during the quarter. Sapient Capital LLC’s holdings in Barrick Mining were worth $3,785,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC acquired a new stake in shares of Barrick Mining during the 2nd quarter worth $352,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Barrick Mining in the second quarter valued at about $464,000. Fractal Investments LLC bought a new stake in Barrick Mining during the second quarter worth about $341,000. Hedges Asset Management LLC acquired a new stake in Barrick Mining during the second quarter worth about $1,249,000. Finally, Parallel Advisors LLC bought a new position in Barrick Mining in the 2nd quarter valued at about $76,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 1.6%

Shares of NYSE:B opened at $46.16 on Friday. Barrick Mining Corporation has a 52-week low of $15.31 and a 52-week high of $46.45. The company has a market capitalization of $77.72 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 0.47 and a beta of 0.40. 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 company has a fifty day moving average of $38.34 and a 200-day moving average of $30.21.

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 for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company posted $0.09 EPS. Barrick Mining’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.175 dividend. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s payout ratio is currently 33.82%.

Analyst Upgrades and Downgrades

B has been the subject of a number of recent analyst reports. Zacks Research raised shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. National Bank Financial upgraded shares of Barrick Mining from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 22nd. Scotiabank raised Barrick Mining from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $27.50 to $43.00 in a report on Thursday, October 23rd. Raymond James Financial lifted their price target on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 22nd. 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 company’s stock. According to data from MarketBeat.com, Barrick Mining has a consensus rating of “Buy” and a consensus price target of $47.17.

Barrick Mining 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.