Marathon Asset Management Ltd Has $4.98 Million Holdings in Barrick Mining Corporation $B

Marathon Asset Management Ltd cut its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 32.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,860 shares of the gold and copper producer’s stock after selling 73,000 shares during the period. Marathon Asset Management Ltd’s holdings in Barrick Mining were worth $4,977,000 at the end of the most recent reporting period.

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

Barrick Mining Trading Up 1.6%

Shares of B opened at $46.16 on Monday. The stock’s 50-day moving average price is $38.34 and its 200 day moving average price is $30.28. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $77.72 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 0.47 and a beta of 0.40. Barrick Mining Corporation has a 12-month low of $15.31 and a 12-month high of $46.45.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.Barrick Mining’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. As a group, research analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.175 dividend. 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. This represents a $0.70 annualized dividend and a yield of 1.5%. Barrick Mining’s payout ratio is presently 33.82%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on B shares. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. Scotiabank raised shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $27.50 to $43.00 in a research report on Thursday, October 23rd. Raymond James Financial upped their price target on shares of Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Finally, BNP Paribas Exane upgraded shares of Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Friday, December 5th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $47.17.

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.