Vise Technologies Inc. lifted its position in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 28.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 61,736 shares of the gold and copper producer’s stock after purchasing an additional 13,821 shares during the quarter. Vise Technologies Inc.’s holdings in Barrick Mining were worth $2,689,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of B. CW Advisors LLC acquired a new stake in Barrick Mining in the 2nd quarter valued at $283,000. EverSource Wealth Advisors LLC acquired a new stake in Barrick Mining in the 2nd quarter valued at $53,000. First Trust Advisors LP acquired a new stake in Barrick Mining in the 2nd quarter valued at $857,000. Baird Financial Group Inc. acquired a new stake in Barrick Mining in the 2nd quarter valued at $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.
Wall Street Analysts Forecast Growth
B has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce decreased their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Citigroup boosted their price target on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Canaccord Genuity Group decreased their price target on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Finally, Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.46.
Barrick Mining Trading Down 7.9%
Shares of B opened at $39.42 on Friday. The stock has a fifty day moving average price of $41.56 and a two-hundred day moving average price of $43.78. 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 52-week low of $19.57 and a 52-week high of $54.69. The company has a market cap of $66.06 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.12 and a beta of 0.44.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s revenue was up 66.7% on a year-over-year basis. Analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.
Barrick Mining Cuts Dividend
The company also recently announced 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. The ex-dividend date is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. Barrick Mining’s payout ratio is presently 19.34%.
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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