388,731 Shares in Barrick Mining Corporation $B Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd acquired a new stake of 388,731 shares in Barrick Mining (NYSE:B) in Q3, valued at about $12.74 million, and institutional investors now own 90.82% of the company.
• Barrick raised its quarterly dividend to $0.42 (annualized $1.68), implying a ~3.7% yield; the ex-dividend date was Feb 27 and the dividend is payable Mar 16.
• Barrick beat Q results with $1.04 EPS versus $0.85 expected and revenue of $5.98B (up 44.6% YoY); analysts maintain a consensus "Moderate Buy" rating with a $55.25 price target.

WINTON GROUP Ltd acquired a new stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 388,731 shares of the gold and copper producer's stock, valued at approximately $12,739,000.

Several other hedge funds also recently bought and sold shares of the business. Arlington Trust Co LLC bought a new stake in shares of Barrick Mining during the third quarter worth $26,000. Provenance Wealth Advisors LLC bought a new position in shares of Barrick Mining in the third quarter worth about $32,000. Wealth Preservation Advisors LLC bought a new position in shares of Barrick Mining in the second quarter worth about $33,000. Investors Research Corp purchased a new position in Barrick Mining in the 3rd quarter worth about $36,000. Finally, CENTRAL TRUST Co purchased a new position in Barrick Mining in the 2nd quarter worth about $37,000. Institutional investors own 90.82% of the company's stock.

Analyst Ratings Changes

B has been the subject of several research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Barrick Mining in a research report on Monday, December 29th. TD Cowen reaffirmed a "buy" rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Cormark raised shares of Barrick Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 7th. Finally, ATB Cormark Capital Markets raised Barrick Mining to a "moderate buy" rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.25.

Barrick Mining Stock Up 0.1%

Shares of Barrick Mining stock opened at $45.40 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The stock has a market cap of $76.06 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 1.42 and a beta of 0.41. The firm's 50-day moving average is $47.86 and its two-hundred day moving average is $39.47. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating 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 business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The company's quarterly revenue was up 44.6% on a year-over-year basis. As a group, research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.7%. This is a positive change from Barrick Mining's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 27th. Barrick Mining's payout ratio is presently 57.34%.

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.

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