Erste Asset Management GmbH raised its holdings in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 146.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,700 shares of the gold and copper producer’s stock after acquiring an additional 26,000 shares during the quarter. Erste Asset Management GmbH’s holdings in Barrick Mining were worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC grew its position in Barrick Mining by 9.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 349,790 shares of the gold and copper producer’s stock valued at $15,236,000 after acquiring an additional 28,955 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in Barrick Mining in the 4th quarter valued at $74,000. SouthState Bank Corp grew its position in Barrick Mining by 297.9% in the 4th quarter. SouthState Bank Corp now owns 378,499 shares of the gold and copper producer’s stock valued at $16,484,000 after acquiring an additional 283,377 shares during the last quarter. Syon Capital LLC grew its position in Barrick Mining by 1.4% in the 4th quarter. Syon Capital LLC now owns 25,570 shares of the gold and copper producer’s stock valued at $1,114,000 after acquiring an additional 355 shares during the last quarter. Finally, ING Groep NV grew its position in Barrick Mining by 0.3% in the 4th quarter. ING Groep NV now owns 228,052 shares of the gold and copper producer’s stock valued at $9,932,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.
Barrick Mining Price Performance
B opened at $39.09 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $65.03 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.12 and a beta of 0.44. Barrick Mining Corporation has a 12-month low of $19.94 and a 12-month high of $54.69. The business’s fifty day simple moving average is $41.61 and its 200-day simple moving average is $43.85.
Barrick Mining Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is 19.34%.
Analyst Upgrades and Downgrades
Several brokerages have commented on B. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. UBS Group increased their price target on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce dropped their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Barclays assumed coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target on the stock. Finally, ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.46.
Check Out Our Latest Research Report on B
Barrick Mining 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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