Natixis Advisors LLC lessened its holdings in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 24.3% in the 4th quarter, Holdings Channel reports. The fund owned 217,945 shares of the gold and copper producer’s stock after selling 69,851 shares during the quarter. Natixis Advisors LLC’s holdings in Barrick Mining were worth $9,492,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Quadrature Capital Ltd boosted its holdings in shares of Barrick Mining by 113.2% during the 3rd quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock worth $130,764,000 after purchasing an additional 2,115,800 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Barrick Mining in the third quarter valued at approximately $1,889,000. WINTON GROUP Ltd purchased a new position in Barrick Mining during the third quarter worth approximately $12,739,000. Picton Mahoney Asset Management lifted its position in Barrick Mining by 1,673.9% during the third quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock worth $51,797,000 after buying an additional 1,488,438 shares in the last quarter. Finally, Truist Financial Corp lifted its position in Barrick Mining by 46.5% during the third quarter. Truist Financial Corp now owns 65,112 shares of the gold and copper producer’s stock worth $2,134,000 after buying an additional 20,655 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.
Barrick Mining Stock Performance
Shares of Barrick Mining stock opened at $39.42 on Monday. Barrick Mining Corporation has a 52 week low of $19.57 and a 52 week high of $54.69. The business’s fifty day simple moving average is $41.56 and its 200-day simple moving average is $43.83. The firm has a market cap of $66.06 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.43. 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 Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 dividend payout ratio (DPR) is currently 19.34%.
Wall Street Analysts Forecast Growth
B has been the subject of several analyst reports. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Canaccord Genuity Group lowered their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Citigroup upped their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce cut their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Finally, Barclays started coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.46.
View Our Latest Report on Barrick Mining
About Barrick Mining
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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