Srinivasan Venkatakrishnan Acquires Shares of BlackRock World Mining Trust plc

On March 5, 2025, Srinivasan Venkatakrishnan, an insider at BlackRock World Mining Trust plc (LON:BRWM), purchased 2,000 shares of the company's stock. The acquisition was made at an average price of GBX 476 (approximately $6.14) per share, resulting in a total investment of £9,520 (about $12,271.20).

BlackRock World Mining Trust Stock Performance

Following the transaction, BlackRock World Mining Trust shares opened at GBX 478.50 ($6.17) the next day. The company has a market capitalization of £916.36 million, with a price-to-earnings ratio of -68.45 and a beta of 1.01. The firm’s 50-day simple moving average is GBX 491.40, while its 200-day simple moving average is GBX 507.38. Over the past year, BlackRock World Mining Trust's stock has reached a low of GBX 463.20 ($5.97) and a high of GBX 634 ($8.17).

On the same day as the share purchase, BlackRock World Mining Trust also released its quarterly earnings report, revealing earnings of GBX 23.09 ($0.30) per share. However, the investment trust recorded a negative net margin of 153.65% and a negative return on equity of 1.19%.

Dividend Announcement

BlackRock World Mining Trust recently increased its dividend, which was distributed on February 27, 2025. Shareholders on record as of February 13 received a dividend of GBX 12 ($0.15) per share, reflecting a yield of 3.62%. This new dividend marks an increase from the previous payment of GBX 5.50. The ex-dividend date was also set for February 13. Notably, the company's dividend payout ratio (DPR) stands at -486.41%, indicating significant financial challenges.

About BlackRock World Mining Trust

BlackRock World Mining Trust aims to provide a diversified investment in mining and metal assets globally. The fund is actively managed with the goal of maximizing total returns, primarily focusing on quoted securities while also investing in royalties and physical metals.

BlackRock, Mining, Shares