Freemont Management S.A. lowered its holdings in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 53.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,300 shares of the gold and copper producer’s stock after selling 57,300 shares during the period. Freemont Management S.A.’s holdings in Barrick Mining were worth $2,147,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of B. Capital International Investors lifted its holdings in Barrick Mining by 35.9% in the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after acquiring an additional 26,921,219 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Barrick Mining by 316.0% in the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after acquiring an additional 13,891,886 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Barrick Mining in the second quarter worth about $211,263,000. Canada Pension Plan Investment Board bought a new position in Barrick Mining in the second quarter worth about $172,230,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Barrick Mining by 664.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,013,464 shares of the gold and copper producer’s stock worth $295,977,000 after acquiring an additional 7,833,887 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.
Barrick Mining Price Performance
Shares of NYSE B opened at $44.88 on Thursday. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $54.69. The company has a current ratio of 3.06, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $75.19 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.36 and a beta of 0.41. The firm has a 50-day moving average of $41.95 and a two-hundred day moving average of $42.92.
Barrick Mining Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio is presently 46.41%.
Analyst Upgrades and Downgrades
B has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce reduced their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Scotiabank boosted their price objective on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Citigroup raised their target price on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and a consensus target price of $54.50.
View Our Latest Report on Barrick Mining
Key Barrick Mining News
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Barrick topped Q1 expectations with stronger-than-expected gold production, higher cash flow, and earnings above estimates, reinforcing confidence in its operating execution. Barrick Mining’s Q1 Earnings and Sales Beat on Higher Gold Prices
- Positive Sentiment: The company announced a $3 billion share buyback program and maintained its dividend, signaling confidence in future cash generation and boosting shareholder-return appeal. Barrick bursts to two-month high after Q1 beat, $3B stock buyback plan
- Positive Sentiment: Analysts and commentators highlighted Barrick’s stronger free cash flow, higher realized gold prices, and improved profitability, with some calling it one of the better Canadian gold stocks right now. Here is Why Barrick Mining (B) is One of the Best Canadian Gold Stocks
- Neutral Sentiment: Investor attention is also building around Barrick’s planned North American spin-off, especially its Nevada gold assets, which could unlock value over time but is still in the planning stage. Barrick’s North American spin-off draws attention to Nevada gold treasure
- Neutral Sentiment: Some valuation-focused coverage suggests the stock has had a very strong run and may be less cheap than it was previously, which could temper upside expectations. Has Barrick Mining (B) Risen Too Far After 158% One Year Share Price Surge?
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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