Integrated Quantitative Investments LLC Sells 14,029 Shares of Barrick Mining Corporation $B

Integrated Quantitative Investments LLC cut its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 32.2% in the 3rd quarter, Holdings Channel reports. The firm owned 29,585 shares of the gold and copper producer’s stock after selling 14,029 shares during the period. Integrated Quantitative Investments LLC’s holdings in Barrick Mining were worth $970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Arlington Trust Co LLC purchased a new position in shares of Barrick Mining during the 3rd quarter worth approximately $26,000. Provenance Wealth Advisors LLC purchased a new stake in Barrick Mining in the third quarter worth about $32,000. Wealth Preservation Advisors LLC bought a new position in shares of Barrick Mining during the second quarter valued at approximately $33,000. Investors Research Corp purchased a new position in shares of Barrick Mining during the third quarter valued at approximately $36,000. Finally, CENTRAL TRUST Co bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. Zacks Research downgraded Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and boosted their target price for the company from $38.00 to $48.00 in a research note on Monday, November 24th. UBS Group set a $55.00 price target on Barrick Mining in a research note on Friday, February 6th. Finally, Citigroup upped their price objective on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target of $55.25.

Barrick Mining Stock Up 0.9%

B stock opened at $46.77 on Thursday. The business’s 50-day moving average price is $47.88 and its 200-day moving average price is $39.07. The stock has a market cap of $78.36 billion, a P/E ratio of 15.96, a PEG ratio of 1.45 and a beta of 0.41. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a twelve month low of $17.00 and a twelve month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business’s revenue was up 44.6% on a year-over-year basis. On average, equities research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

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.