UMB Bank n.a. Acquires New Shares in Barrick Mining Corporation $B

by · The Cerbat Gem

UMB Bank n.a. acquired a new position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 18,118 shares of the gold and copper producer’s stock, valued at approximately $594,000.

A number of other institutional investors have also added to or reduced their stakes in B. Concord Wealth Partners purchased a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $26,000. Arlington Trust Co LLC bought a new position in Barrick Mining in the third quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in Barrick Mining during the second quarter worth $27,000. Trifecta Capital Advisors LLC bought a new stake in Barrick Mining during the 2nd quarter valued at $27,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Barrick Mining in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

B opened at $46.30 on Tuesday. The company has a market cap of $77.57 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 0.40 and a beta of 0.40. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $45.50 and its 200-day moving average price is $35.23. Barrick Mining Corporation has a 52-week low of $16.33 and a 52-week high of $54.69.

Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last released its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the firm earned $0.09 EPS. Barrick Mining’s revenue was up 23.2% compared to the same quarter last year. As a group, equities analysts anticipate 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 was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is currently 33.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on B shares. Scotiabank upped their price objective on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Canaccord Genuity Group increased 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 lifted their price objective on shares of Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a research note on Sunday, December 7th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Barrick Mining has a consensus rating of “Buy” and a consensus price target of $51.33.

Check Out Our Latest Stock Analysis on B

Barrick Mining Profile

(Free Report)

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.

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