14,424 Shares in Barrick Mining Corporation $B Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,424 shares of the gold and copper producer’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Independent Advisor Alliance grew its stake in shares of Barrick Mining by 11.9% in the third quarter. Independent Advisor Alliance now owns 10,849 shares of the gold and copper producer’s stock worth $356,000 after acquiring an additional 1,152 shares during the period. Welch & Forbes LLC purchased a new stake in Barrick Mining in the third quarter worth approximately $213,000. Arizona State Retirement System bought a new stake in Barrick Mining in the 3rd quarter worth approximately $999,000. Banyan Capital Management Inc. purchased a new stake in Barrick Mining during the 3rd quarter valued at $567,000. Finally, MTM Investment Management LLC bought a new position in shares of Barrick Mining during the 3rd quarter valued at $115,000. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on B shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. CIBC boosted their price target on Barrick Mining from $38.00 to $50.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Canaccord Genuity Group upped their price target on shares of Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Royal Bank Of Canada raised their price objective on shares of Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Bank of America raised shares of Barrick Mining from a “neutral” rating to a “buy” rating and upped their target price for the company from $38.00 to $48.00 in a report on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $51.33.

Barrick Mining Trading Up 2.4%

Barrick Mining stock opened at $47.55 on Wednesday. Barrick Mining Corporation has a 12-month low of $16.46 and a 12-month high of $54.69. The firm has a market capitalization of $79.66 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 0.38 and a beta of 0.40. The firm has a 50 day moving average of $45.67 and a 200 day moving average of $35.42. 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 posted its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. 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 paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, November 28th. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio (DPR) is currently 33.82%.

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.