Rathbones Group PLC lowered its stake in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 21.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 107,173 shares of the gold and copper producer’s stock after selling 29,310 shares during the quarter. Rathbones Group PLC’s holdings in Barrick Mining were worth $4,672,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of B. CW Advisors LLC bought a new stake in Barrick Mining during the second quarter worth $283,000. EverSource Wealth Advisors LLC bought a new stake in Barrick Mining during the second quarter worth $53,000. First Trust Advisors LP bought a new stake in Barrick Mining during the second quarter worth $857,000. Baird Financial Group Inc. bought a new stake in Barrick Mining during the second quarter worth $2,569,000. Finally, Cresset Asset Management LLC bought a new stake in Barrick Mining during the second quarter worth $543,000. Institutional investors own 90.82% of the company’s stock.
Barrick Mining Stock Up 0.9%
Shares of NYSE:B opened at $41.31 on Friday. The company has a market capitalization of $69.22 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41. 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 business has a fifty day moving average price of $41.36 and a two-hundred day moving average price of $43.28. Barrick Mining Corporation has a 1 year low of $18.41 and a 1 year high of $54.69.
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 given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 46.41%.
Key Headlines Impacting Barrick Mining
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Analyst-focused coverage said Barrick could have more than 50% upside, citing its very strong net income margin and roughly $5 billion in FY25 net income, reinforcing the case for continued earnings strength. Analysts See 50%+ Upside In Barrick Mining (B); Here’s What’s Driving It
- Positive Sentiment: Another analyst note and a Zacks article both described Barrick Mining as attractive on valuation and momentum, suggesting the stock is benefiting from stronger investor sentiment around gold-mining names. Here’s Why Barrick Mining (B) is a Strong Momentum Stock
- Positive Sentiment: Comparisons with Kinross Gold pointed to Barrick’s strong projects, rising cash flows, and growth prospects, which can support the stock as gold prices remain resilient. B vs. KGC: Which Gold Mining Stock Should You Bet on Now?
- Neutral Sentiment: RBC Capital reportedly reiterated a buy rating on Barrick, while another press item also repeated a bullish stance; these are supportive, but they do not appear to be new catalysts. RBC Capital Sticks to Their Buy Rating for Barrick Mining (B)
- Neutral Sentiment: Barrick’s reported plan for a North American IPO could eventually unlock value, but it is still early and investors may be waiting for more details before assigning full upside. Barrick Mining IPO Plan Highlights Valuation Gap And Investor Trade Offs
- Negative Sentiment: One report said Barrick is stepping up Ebola precautions at its Kibali mine, which may raise operational caution around a key asset, though there was no indication of a direct disruption. Barrick steps up Ebola precautions at Kibali mine
Analysts Set New Price Targets
A number of research analysts have issued reports on B shares. JPMorgan Chase & Co. started coverage on Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price objective for the company. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays set a $41.00 price objective on Barrick Mining in a research note on Thursday. Finally, Scotiabank upped their price objective on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. One equities research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.46.
Get Our Latest Stock Report on Barrick Mining
Barrick Mining 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.
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