McAlvany Wealth Management LLC purchased a new stake in shares of Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 87,360 shares of the gold and copper producer’s stock, valued at approximately $3,805,000. Barrick Mining makes up approximately 2.9% of McAlvany Wealth Management LLC’s portfolio, making the stock its 10th biggest position.
Several other large investors have also recently modified their holdings of the stock. Bogart Wealth LLC increased its stake in Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares in the last quarter. Parvin Asset Management LLC grew its holdings in shares of Barrick Mining by 0.7% during the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after buying an additional 225 shares during the last quarter. Mmbg Investment Advisors CO. grew its holdings in shares of Barrick Mining by 0.6% during the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after buying an additional 254 shares during the last quarter. S.A. Mason LLC grew its holdings in shares of Barrick Mining by 1.3% during the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after buying an additional 300 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Barrick Mining by 1.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. UBS Group increased their target price on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce reduced their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. Barclays started coverage on Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target for the company. Finally, ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given 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 Price Performance
NYSE B opened at $40.32 on Friday. The business’s fifty day moving average is $41.48 and its 200 day moving average is $43.88. Barrick Mining Corporation has a fifty-two week low of $20.35 and a fifty-two week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The company has a market capitalization of $67.07 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.15 and a beta of 0.44.
Barrick Mining (NYSE:B – Get 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, topping 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 business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. The company’s revenue was up 66.7% on a year-over-year basis. Sell-side analysts predict that Barrick Mining Corporation will post 3.78 earnings per share for the current year.
Barrick Mining Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s payout ratio is 19.34%.
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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