Mufg Securities Canada LTD. lowered its holdings in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,569,327 shares of the gold and copper producer’s stock after selling 253,647 shares during the period. Barrick Mining accounts for approximately 3.1% of Mufg Securities Canada LTD.’s holdings, making the stock its 11th largest position. Mufg Securities Canada LTD. owned about 0.15% of Barrick Mining worth $111,948,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. bought a new position in Barrick Mining during the fourth quarter worth about $25,000. Financial Consulate Inc. grew its holdings in Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after purchasing an additional 521 shares during the period. Intesa Sanpaolo Wealth Management bought a new position in Barrick Mining during the fourth quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new stake in Barrick Mining during the fourth quarter worth approximately $30,000. Finally, Motiv8 Investments LLC acquired a new stake in Barrick Mining during the fourth quarter worth approximately $31,000. Institutional investors own 90.82% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on B shares. Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. UBS Group raised their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group cut their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus price target of $53.46.
Barrick Mining Stock Up 0.0%
Shares of B opened at $40.22 on Monday. Barrick Mining Corporation has a one year low of $20.35 and a one year high of $54.69. The company has a market cap of $66.89 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.14 and a beta of 0.43. 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 simple moving average of $41.51 and a two-hundred day simple moving average of $43.88.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company’s revenue was up 66.7% on a year-over-year basis. Research analysts forecast that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.
Barrick Mining Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid 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 payout ratio is presently 19.34%.
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.
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