U S Global Investors Inc. Has $13.72 Million Position in Barrick Mining Corporation $B

U S Global Investors Inc. raised its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 211.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 315,000 shares of the gold and copper producer’s stock after purchasing an additional 213,835 shares during the period. Barrick Mining accounts for about 1.5% of U S Global Investors Inc.’s holdings, making the stock its 21st biggest position. U S Global Investors Inc.’s holdings in Barrick Mining were worth $13,718,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Barrick Mining during the 4th quarter valued at $218,000. OLD National Bancorp IN bought a new position in Barrick Mining during the fourth quarter valued at approximately $237,000. Teacher Retirement System of Texas bought a new position in Barrick Mining during the fourth quarter valued at approximately $30,485,000. HB Wealth Management LLC bought a new position in Barrick Mining during the fourth quarter valued at approximately $330,000. Finally, Evergreen Capital Management LLC raised its position in Barrick Mining by 32.7% during the fourth quarter. Evergreen Capital Management LLC now owns 8,186 shares of the gold and copper producer’s stock valued at $357,000 after acquiring an additional 2,019 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on B. JPMorgan Chase & Co. began coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective on the stock. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Canaccord Genuity Group cut their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Citigroup raised their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Scotiabank raised their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.17.

Barrick Mining Trading Down 1.3%

NYSE:B opened at $40.19 on Friday. Barrick Mining Corporation has a 12 month low of $17.41 and a 12 month high of $54.69. The firm has a market cap of $67.35 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.52 and a beta of 0.50. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $43.67 and its 200-day moving average is $42.08.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating 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 company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. The business’s quarterly revenue was up 44.6% on a year-over-year basis. Equities analysts anticipate that Barrick Mining Corporation will post 3.61 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a $0.42 dividend. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining’s payout ratio is 57.34%.

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.