Barrick Mining Corporation (NYSE:B) to Issue Quarterly Dividend of $0.17

Barrick Mining Corporation (NYSE:B) (TSE:ABX) announced a quarterly dividend on Monday, August 10th. Investors of record on Monday, August 31st will be given a dividend of 0.175 per share by the gold and copper producer on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st.

Barrick Mining has decreased its dividend by an average of 0.0%per year over the last three years. Barrick Mining has a payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Barrick Mining to earn $4.14 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 16.9%.

Barrick Mining Stock Performance

NYSE:B opened at $40.91 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The firm has a 50-day moving average of $38.34 and a two-hundred day moving average of $41.97. The stock has a market cap of $67.33 billion, a P/E ratio of 11.30, a PEG ratio of 0.93 and a beta of 0.47. Barrick Mining has a 1-year low of $22.13 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 43.8% compared to the same quarter last year. On average, research analysts expect that Barrick Mining will post 3.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Barrick Mining

Several hedge funds and other institutional investors have recently modified their holdings of B. Bogart Wealth LLC boosted its stake in Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares during the period. Parvin Asset Management LLC increased its stake in shares of Barrick Mining by 0.7% in the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after purchasing an additional 225 shares during the period. Silver Oak Securities Incorporated raised its holdings in shares of Barrick Mining by 2.9% during the first quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after buying an additional 246 shares during the last quarter. Mmbg Investment Advisors CO. raised its holdings in shares of Barrick Mining by 0.6% during the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after buying an additional 254 shares during the last quarter. Finally, S.A. Mason LLC boosted its position in shares of Barrick Mining by 1.3% during the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.