Barrick Mining Corporation $B Shares Bought by Evexia Wealth LLC

Evexia Wealth LLC lifted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 66.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,525 shares of the gold and copper producer’s stock after acquiring an additional 155,030 shares during the quarter. Barrick Mining makes up 3.9% of Evexia Wealth LLC’s holdings, making the stock its 8th biggest holding. Evexia Wealth LLC’s holdings in Barrick Mining were worth $12,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Icon Advisers Inc. Co. increased its position in Barrick Mining by 8.9% during the 3rd quarter. Icon Advisers Inc. Co. now owns 98,000 shares of the gold and copper producer’s stock valued at $3,211,000 after purchasing an additional 8,000 shares during the period. Guardian Capital LP lifted its position in shares of Barrick Mining by 42.8% in the 3rd quarter. Guardian Capital LP now owns 597,422 shares of the gold and copper producer’s stock worth $19,626,000 after purchasing an additional 179,062 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Barrick Mining by 1.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 103,615 shares of the gold and copper producer’s stock valued at $3,395,000 after purchasing an additional 1,670 shares during the last quarter. Sunpointe LLC acquired a new stake in shares of Barrick Mining during the third quarter worth $1,016,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Barrick Mining during the third quarter worth $590,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Stock Up 0.1%

Barrick Mining stock opened at $45.40 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69. The firm’s fifty day moving average is $47.86 and its 200 day moving average is $39.26. The company has a market capitalization of $76.06 billion, a PE ratio of 15.49, a PEG ratio of 1.42 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The firm’s revenue was up 44.6% compared to the same quarter last year. As a group, sell-side analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.42 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Analyst Ratings Changes

A number of brokerages recently weighed in on B. Canaccord Genuity Group lowered their target price on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Zacks Research downgraded Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 price objective for the company in a research report on Friday, December 5th. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Finally, TD Cowen restated a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.25.

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.