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

Sapient Capital LLC increased its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 795.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 114,198 shares of the gold and copper producer’s stock after purchasing an additional 101,440 shares during the period. Sapient Capital LLC’s holdings in Barrick Mining were worth $3,785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of B. Fiduciary Financial Group LLC acquired a new position in Barrick Mining during the 2nd quarter worth about $352,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Barrick Mining during the second quarter worth about $464,000. Fractal Investments LLC acquired a new position in shares of Barrick Mining in the second quarter worth approximately $341,000. Hedges Asset Management LLC bought a new stake in Barrick Mining in the second quarter valued at approximately $1,249,000. Finally, Parallel Advisors LLC acquired a new stake in Barrick Mining during the 2nd quarter valued at approximately $76,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Trading Up 1.6%

B opened at $46.16 on Friday. The company has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $30.21. Barrick Mining Corporation has a 1-year low of $15.31 and a 1-year high of $46.45. The company has a market cap of $77.72 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 0.47 and a beta of 0.40. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. 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. Shareholders of record on Friday, November 28th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s payout ratio is 33.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on B shares. Sanford C. Bernstein restated an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 22nd. BNP Paribas raised 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. National Bank Financial upgraded Barrick Mining from a “sector perform” rating to an “outperform” rating in a report on Monday, September 22nd. Finally, Royal Bank Of Canada boosted their price objective on Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $47.17.

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.