Capital Group Private Client Services Inc. Has $7.90 Million Stock Position in Barrick Mining Corporation $B

Key Points

• Capital Group Private Client Services boosted its stake in Barrick Mining by 210.4%, acquiring an additional 163,078 shares to hold 240,585 shares valued at approximately $7.895 million.
• Barrick reported strong quarterly results, with EPS of $1.04 beating estimates by $0.19 and revenue of $5.98 billion (up 44.6% year‑over‑year), alongside a 12.1% ROE and 29.45% net margin.
• Dividend increased to a quarterly payout of $0.42 (annualized $1.68) for a ~3.7% yield, with an ex‑dividend date of February 27 and a payout ratio of 57.34%.

Capital Group Private Client Services Inc. grew its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 210.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 240,585 shares of the gold and copper producer's stock after acquiring an additional 163,078 shares during the period. Capital Group Private Client Services Inc.'s holdings in Barrick Mining were worth $7,895,000 as of its most recent SEC filing.

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

Barrick Mining Trading Up 1.0%

NYSE B opened at $45.86 on Tuesday. The stock has a market capitalization of $76.82 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.42 and a beta of 0.41. The business has a 50 day simple moving average of $47.90 and a 200 day simple moving average of $39.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. Barrick Mining Corporation has a one year low of $17.00 and a one year high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.Barrick Mining's revenue for the quarter was up 44.6% on a year-over-year basis. Research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on B. TD Cowen reaffirmed a "buy" rating on shares of Barrick Mining in a research note on Wednesday, November 26th. JPMorgan Chase & Co. began coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They set an "overweight" rating and a $68.00 target price for the company. Jefferies Financial Group restated a "buy" rating and set a $55.00 price target on shares of Barrick Mining in a report on Sunday, December 7th. BNP Paribas Exane upgraded shares of Barrick Mining to a "neutral" rating and set a $50.00 price target on the stock in a research report on Friday, December 5th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Barrick Mining in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and a consensus target price of $55.25.

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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