Oaktree Capital Management LP lowered its stake in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 11.8% in the 1st quarter, HoldingsChannel reports. The fund owned 2,624,859 shares of the gold and copper producer’s stock after selling 350,259 shares during the period. Barrick Mining accounts for approximately 1.3% of Oaktree Capital Management LP’s holdings, making the stock its 12th largest holding. Oaktree Capital Management LP’s holdings in Barrick Mining were worth $107,068,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC raised its position in Barrick Mining by 3.5% during the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares during the period. Parvin Asset Management LLC boosted its holdings in shares of Barrick Mining by 0.7% in the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after purchasing an additional 225 shares during the period. Silver Oak Securities Incorporated increased its position in shares of Barrick Mining by 2.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after purchasing an additional 246 shares during the last quarter. Mmbg Investment Advisors CO. increased its position in shares of Barrick Mining by 0.6% during the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after purchasing an additional 254 shares during the last quarter. Finally, S.A. Mason LLC raised its holdings in Barrick Mining by 1.3% during the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after buying an additional 300 shares during the period. 90.82% of the stock is owned by institutional investors.
Barrick Mining Stock Performance
Shares of Barrick Mining stock opened at $36.30 on Thursday. The stock’s fifty day moving average is $38.65 and its two-hundred day moving average is $42.51. The company has a market capitalization of $60.39 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.78 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 52 week low of $20.94 and a 52 week high of $54.69.
Barrick Mining Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s payout ratio is 19.34%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Bank of America dropped their price objective on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. reduced their target price on shares of Barrick Mining from $58.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Scotiabank lowered their target price on shares of Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and a consensus price target of $52.46.
Check Out Our Latest Stock Analysis 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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