Barrick Mining Corporation $B Position Boosted by U S Global Investors Inc.

Key Points

• U S Global Investors boosted its stake in Barrick Mining by 211.4% in Q4, buying an additional 213,835 shares to hold 315,000 shares valued at $13.72 million, making Barrick its 21st-largest holding (1.5% of the portfolio).
• Barrick reported stronger-than-expected Q results with EPS $1.04 vs. $0.85 consensus and revenue of $5.98B (up 44.6% year-over-year), and announced a raised quarterly dividend to $0.42 (annualized $1.68, ~4.2% yield).
• Analysts have an average rating of Moderate Buy with a consensus price target of $54.17; the stock trades in a 52-week range of $17.41–$54.69 and has a market cap of about $67.35 billion.

U S Global Investors Inc. grew its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 211.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,000 shares of the gold and copper producer's stock after purchasing an additional 213,835 shares during the period. Barrick Mining makes up 1.5% of U S Global Investors Inc.'s portfolio, making the stock its 21st biggest holding. U S Global Investors Inc.'s holdings in Barrick Mining were worth $13,718,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Financial Consulate Inc. boosted its position in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer's stock valued at $25,000 after purchasing an additional 521 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Barrick Mining during the 4th quarter valued at about $25,000. Arlington Trust Co LLC purchased a new stake in Barrick Mining during the third quarter valued at about $26,000. JPL Wealth Management LLC purchased a new stake in Barrick Mining during the third quarter valued at about $28,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Barrick Mining during the third quarter valued at about $31,000. Institutional investors own 90.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on B shares. UBS Group reduced their price objective on shares of Barrick Mining from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, March 27th. Scotiabank upped their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the company an "outperform" rating in a research note on Monday, January 26th. Canaccord Genuity Group reduced their price objective on shares of Barrick Mining to $77.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. ATB Cormark Capital Markets lowered shares of Barrick Mining from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Finally, DZ Bank raised shares of Barrick Mining to a "strong-buy" rating in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.17.

Barrick Mining Price Performance

NYSE B opened at $40.19 on Friday. The company has a 50 day simple moving average of $43.67 and a 200-day simple moving average of $42.08. 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 firm has a market capitalization of $67.35 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50. Barrick Mining Corporation has a 52-week low of $17.41 and a 52-week 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. Barrick Mining's revenue for the quarter was up 44.6% compared to the same quarter last year. Equities research analysts predict that Barrick Mining Corporation will post 3.61 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.42 per share. This is an increase from Barrick Mining's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. Barrick Mining's dividend payout ratio (DPR) is 57.34%.

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.

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