Rathbones Group PLC Sells 29,310 Shares of Barrick Mining Corporation $B

Rathbones Group PLC lowered its stake in shares of Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 21.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 107,173 shares of the gold and copper producer’s stock after selling 29,310 shares during the quarter. Rathbones Group PLC’s holdings in Barrick Mining were worth $4,672,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of B. CW Advisors LLC bought a new stake in Barrick Mining during the second quarter worth $283,000. EverSource Wealth Advisors LLC bought a new stake in Barrick Mining during the second quarter worth $53,000. First Trust Advisors LP bought a new stake in Barrick Mining during the second quarter worth $857,000. Baird Financial Group Inc. bought a new stake in Barrick Mining during the second quarter worth $2,569,000. Finally, Cresset Asset Management LLC bought a new stake in Barrick Mining during the second quarter worth $543,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 0.9%

Shares of NYSE:B opened at $41.31 on Friday. The company has a market capitalization of $69.22 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41. 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 business has a fifty day moving average price of $41.36 and a two-hundred day moving average price of $43.28. Barrick Mining Corporation has a 1 year low of $18.41 and a 1 year high of $54.69.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. The business’s quarterly revenue was up 66.7% compared to the same quarter last year. Analysts forecast that Barrick Mining Corporation will post 3.7 earnings per share for the current year.

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given 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 dividend payout ratio is currently 46.41%.

Key Headlines Impacting Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

Analysts Set New Price Targets

A number of research analysts have issued reports on B shares. JPMorgan Chase & Co. started coverage on Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price objective for the company. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays set a $41.00 price objective on Barrick Mining in a research note on Thursday. Finally, Scotiabank upped their price objective on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.46.

Get Our Latest Stock Report on Barrick Mining

Barrick Mining Profile

(Free Report)

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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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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