Truist Financial Corp Raises Position in Barrick Mining Corporation $B

Truist Financial Corp boosted its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 24.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 81,139 shares of the gold and copper producer’s stock after acquiring an additional 16,027 shares during the period. Truist Financial Corp’s holdings in Barrick Mining were worth $3,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors grew its position in Barrick Mining by 35.9% during the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after buying an additional 26,921,219 shares in the last quarter. Vanguard Group Inc. boosted its position in Barrick Mining by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 70,878,168 shares of the gold and copper producer’s stock valued at $2,327,991,000 after buying an additional 767,544 shares during the period. TD Asset Management Inc grew its stake in shares of Barrick Mining by 3.8% in the third quarter. TD Asset Management Inc now owns 19,309,335 shares of the gold and copper producer’s stock worth $634,346,000 after purchasing an additional 715,151 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after purchasing an additional 13,891,886 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Barrick Mining by 7.6% in the third quarter. Mackenzie Financial Corp now owns 12,721,334 shares of the gold and copper producer’s stock worth $417,739,000 after buying an additional 893,630 shares during the period. Institutional investors own 90.82% of the company’s stock.

Trending Headlines about Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Barrick’s Q1 results beat EPS estimates, with production and cost control coming in better than expected, reinforcing the company’s operating momentum. Barrick Mining’s Q1 Changed Everything (Review)
• Positive Sentiment: The board authorized a $3.0 billion share repurchase, which can boost earnings per share over time and signals confidence in Barrick’s cash generation. Barrick Board Authorizes $3.0 Billion Share Repurchase
• Positive Sentiment: Barrick also declared a quarterly dividend of $0.175 per share, adding another sign of strong free cash flow and shareholder-friendly capital allocation. Barrick Declares Q1 Dividend
• Positive Sentiment: Reports highlighted above-guidance gold production and robust free cash flow, which helped fuel the stock’s rally and improve sentiment on full-year execution. Barrick Mining jumps as Q1 results beat production guidance and company outlines shareholder-return plans

Barrick Mining Trading Up 9.2%

Shares of NYSE:B opened at $47.12 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. Barrick Mining Corporation has a 1 year low of $17.41 and a 1 year high of $54.69. The company has a market cap of $78.95 billion, a P/E ratio of 16.08, a PEG ratio of 1.29 and a beta of 0.41. The stock’s fifty day moving average price is $42.16 and its 200-day moving average price is $42.73.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.19. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business’s revenue for the quarter was up 66.7% on a year-over-year basis. Sell-side analysts expect that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Wall Street Analysts Forecast Growth

B has been the topic of several research reports. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. UBS Group cut their target price on Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. DZ Bank raised Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research note on Friday, March 27th. Finally, ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus price target of $54.17.

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.