Perpetual Ltd Acquires 22,600 Shares of Barrick Mining Corporation $B

Perpetual Ltd grew its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,068,685 shares of the gold and copper producer’s stock after purchasing an additional 22,600 shares during the quarter. Barrick Mining makes up 1.2% of Perpetual Ltd’s investment portfolio, making the stock its 23rd largest holding. Perpetual Ltd’s holdings in Barrick Mining were worth $100,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in B. Vermillion Wealth Management Inc. bought a new position in Barrick Mining during the second quarter valued at about $25,000. Crowley Wealth Management Inc. purchased a new position in Barrick Mining in the second quarter valued at about $26,000. Concord Wealth Partners purchased a new position in Barrick Mining in the second quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in shares of Barrick Mining during the 2nd quarter valued at approximately $27,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $27,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Price Performance

Shares of NYSE B opened at $44.77 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. Barrick Mining Corporation has a fifty-two week low of $15.16 and a fifty-two week high of $45.43. The stock has a market cap of $75.38 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 0.45 and a beta of 0.40. The stock has a fifty day moving average of $37.19 and a 200-day moving average of $29.26.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS. Equities research analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current 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 given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. Barrick Mining’s dividend payout ratio (DPR) is 33.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Barrick Mining in a research note on Wednesday, September 24th. BNP Paribas Exane upgraded Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Friday, December 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research note on Monday. Wall Street Zen lowered Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, National Bankshares upgraded Barrick Mining to an “outperform” rating in a research note on Monday, September 22nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $47.17.

About Barrick Mining

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.