Sei Investments Co. decreased its position in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 17.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 296,137 shares of the gold and copper producer’s stock after selling 63,284 shares during the period. Sei Investments Co.’s holdings in Barrick Mining were worth $12,080,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC raised its position in shares of Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after buying an additional 218 shares during the period. Parvin Asset Management LLC lifted its holdings in Barrick Mining by 0.7% in the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after acquiring an additional 225 shares during the last quarter. Silver Oak Securities Incorporated grew its position in Barrick Mining by 2.9% in the first quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after acquiring an additional 246 shares during the period. Mmbg Investment Advisors CO. grew its position in Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after acquiring an additional 254 shares during the period. Finally, S.A. Mason LLC increased its stake in Barrick Mining by 1.3% during the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining Stock Down 2.6%
Barrick Mining stock opened at $36.73 on Friday. The company has a market capitalization of $61.09 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 0.80 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. Barrick Mining Corporation has a fifty-two week low of $20.94 and a fifty-two week high of $54.69. The firm has a 50 day moving average price of $38.49 and a 200 day moving average price of $42.40.
Barrick Mining Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. Barrick Mining’s payout ratio is presently 19.34%.
Analyst Ratings Changes
A number of equities research analysts have commented on B shares. Barclays reduced their target price on Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Citigroup reissued a “positive” rating on shares of Barrick Mining in a research report on Wednesday, July 15th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, JPMorgan Chase & Co. decreased 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 report on Tuesday, July 21st. One equities 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.46.
Read Our Latest Stock 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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