Gemsstock Ltd. increased its holdings in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,157,850 shares of the gold and copper producer’s stock after buying an additional 90,850 shares during the quarter. Barrick Mining accounts for about 7.3% of Gemsstock Ltd.’s holdings, making the stock its 4th biggest holding. Gemsstock Ltd. owned approximately 0.07% of Barrick Mining worth $50,424,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of B. Quadrature Capital Ltd increased its holdings in Barrick Mining by 113.2% in 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 in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Barrick Mining in the 3rd quarter worth about $1,889,000. WINTON GROUP Ltd acquired a new position in Barrick Mining in the 3rd quarter worth about $12,739,000. Picton Mahoney Asset Management increased its holdings in Barrick Mining by 1,673.9% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock worth $51,797,000 after purchasing an additional 1,488,438 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in Barrick Mining in the 3rd quarter worth about $111,426,000. 90.82% of the stock is currently owned by institutional investors.
Barrick Mining Trading Up 2.9%
Shares of B stock opened at $40.22 on Friday. The stock has a market cap of $66.89 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.11 and a beta of 0.44. The stock has a 50-day moving average of $41.51 and a 200-day moving average of $43.85. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 1-year low of $20.35 and a 1-year high of $54.69.
Barrick Mining Cuts Dividend
The firm also recently announced 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 1.7%. The ex-dividend date is Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.
Analysts Set New Price Targets
A number of brokerages have issued reports on B. Barclays began coverage on Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price for the company. Canadian Imperial Bank of Commerce lowered their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. UBS Group upped their target price on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.46.
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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