Liontrust Investment Partners LLP Lowers Stake in Barrick Mining Corporation $B

Liontrust Investment Partners LLP cut its stake in Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 30.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 333,272 shares of the gold and copper producer’s stock after selling 142,905 shares during the period. Liontrust Investment Partners LLP’s holdings in Barrick Mining were worth $13,594,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financial Consulate Inc. boosted its position in Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after buying an additional 521 shares during the period. Westside Investment Management Inc. bought a new position in Barrick Mining in the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Barrick Mining during the fourth quarter worth approximately $26,000. Ascentis Independent Advisors purchased a new position in shares of Barrick Mining during the first quarter worth approximately $28,000. Finally, JPL Wealth Management LLC purchased a new position in shares of Barrick Mining during the third quarter worth approximately $28,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Trading Up 3.6%

NYSE B opened at $37.66 on Friday. Barrick Mining Corporation has a one year low of $20.94 and a one year 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 $62.65 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.77 and a beta of 0.48. The company’s 50-day simple moving average is $38.57 and its two-hundred day simple moving average is $42.44.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last announced its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm 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% compared to the same quarter last year. Equities analysts forecast that Barrick Mining Corporation will post 3.57 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. Barrick Mining’s payout ratio is 19.34%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on B shares. UBS Group lowered their price target on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Wall Street Zen downgraded Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays decreased their target price on Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. lowered their target price on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.46.

Get Our Latest Stock Report on Barrick Mining

About Barrick Mining

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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