Dimensional Fund Advisors LP lowered its holdings in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,793,524 shares of the gold and copper producer’s stock after selling 1,491,976 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Barrick Mining were worth $562,502,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in B. CW Advisors LLC acquired a new stake in Barrick Mining during the second quarter valued at approximately $283,000. EverSource Wealth Advisors LLC bought a new position in shares of Barrick Mining during the 2nd quarter worth approximately $53,000. First Trust Advisors LP bought a new position in shares of Barrick Mining during the 2nd quarter worth approximately $857,000. Baird Financial Group Inc. bought a new position in shares of Barrick Mining during the 2nd quarter worth approximately $2,569,000. Finally, Cresset Asset Management LLC acquired a new stake in Barrick Mining in the 2nd quarter valued at $543,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining Stock Down 0.1%
Shares of NYSE B opened at $34.88 on Tuesday. The firm’s 50-day simple moving average is $39.38 and its 200 day simple moving average is $42.94. The company has a market cap of $58.02 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 0.76 and a beta of 0.48. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12-month low of $20.94 and a 12-month high of $54.69.
Barrick Mining Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 29th. Barrick Mining’s dividend payout ratio is presently 19.34%.
Analysts Set New Price Targets
B has been the topic of a number of analyst reports. Scotiabank lowered their price target on Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Royal Bank Of Canada reduced their target price on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Barclays lowered their target price on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Finally, ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus price target of $53.85.
Get Our Latest Report on Barrick Mining
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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