Barrick Mining Corporation Announces Quarterly Dividend of $0.17 (NYSE:B)

Barrick Mining Corporation (NYSE:B) (TSE:ABX) declared a quarterly dividend on Monday, August 10th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.175 per share by the gold and copper producer on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.

Barrick Mining has decreased its dividend payment by an average of 0.0%per year over the last three years. Barrick Mining has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Barrick Mining to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 16.9%.

Barrick Mining Stock Performance

Shares of NYSE:B traded down $2.77 during trading on Monday, hitting $40.91. The stock had a trading volume of 28,908,196 shares, compared to its average volume of 13,242,347. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining has a 12-month low of $22.13 and a 12-month high of $54.69. The stock has a market capitalization of $67.33 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.93 and a beta of 0.47. The stock has a 50-day simple moving average of $38.37 and a two-hundred day simple moving average of $42.04.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.During the same period last year, the company earned $0.47 EPS. The company’s revenue was up 43.8% compared to the same quarter last year. On average, equities research analysts expect that Barrick Mining will post 3.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Barrick Mining

Hedge funds have recently bought and sold shares of the stock. Bogart Wealth LLC lifted its holdings in Barrick Mining by 3.5% in the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after purchasing an additional 218 shares during the period. Parvin Asset Management LLC grew its position in Barrick Mining by 0.7% in the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after buying an additional 225 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in Barrick Mining by 2.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after buying an additional 246 shares during the period. Mmbg Investment Advisors CO. increased its stake in Barrick Mining by 0.6% during the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after buying an additional 254 shares during the period. Finally, S.A. Mason LLC raised its position in shares of Barrick Mining by 1.3% during the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.