Capital International Investors lowered its position in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 17.8% in the fourth quarter, HoldingsChannel reports. The fund owned 83,673,678 shares of the gold and copper producer’s stock after selling 18,172,910 shares during the period. Capital International Investors’ holdings in Barrick Mining were worth $3,646,361,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in B. CW Advisors LLC bought a new stake in shares of Barrick Mining during the second quarter worth $283,000. EverSource Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the second quarter worth $53,000. First Trust Advisors LP bought a new stake in shares of Barrick Mining during the second quarter worth $857,000. Baird Financial Group Inc. bought a new stake in shares of Barrick Mining during the second quarter worth $2,569,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Barrick Mining during the second quarter worth $543,000. Institutional investors own 90.82% of the company’s stock.
Barrick Mining Stock Down 7.9%
B stock opened at $39.42 on Friday. 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 stock has a market capitalization of $66.06 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.12 and a beta of 0.44. The business has a 50-day moving average of $41.56 and a 200-day moving average of $43.78. Barrick Mining Corporation has a fifty-two week low of $19.57 and a fifty-two week high of $54.69.
Barrick Mining Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.8%. Barrick Mining’s dividend payout ratio is 19.34%.
Analyst Ratings Changes
A number of research firms recently commented on B. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. UBS Group upped their price objective on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Canaccord Genuity Group dropped their price objective on Barrick Mining to $77.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus target price of $53.46.
About Barrick Mining
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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