Mizuho Markets Cayman LP Sells 60,140 Shares of Barrick Mining Corporation $B

Mizuho Markets Cayman LP reduced its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 81.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,894 shares of the gold and copper producer’s stock after selling 60,140 shares during the quarter. Mizuho Markets Cayman LP’s holdings in Barrick Mining were worth $605,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. CW Advisors LLC bought a new position in Barrick Mining in the 2nd quarter valued at $283,000. EverSource Wealth Advisors LLC bought a new position in Barrick Mining in the 2nd quarter valued at $53,000. First Trust Advisors LP bought a new position in Barrick Mining in the 2nd quarter valued at $857,000. Baird Financial Group Inc. bought a new position in Barrick Mining in the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC bought a new position in Barrick Mining in the 2nd quarter valued at $543,000. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on B shares. Citigroup raised their price target on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, February 9th. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. UBS Group raised their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Barclays initiated coverage on shares of Barrick Mining in a research note on Thursday. They issued an “equal weight” rating and a $41.00 target price on the stock. One 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’s stock. According to data from MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Trading Down 1.5%

Shares of B opened at $40.64 on Friday. The firm’s 50 day simple moving average is $41.26 and its 200 day simple moving average is $43.27. The company has a market capitalization of $68.10 billion, a P/E ratio of 11.23, a P/E/G ratio of 1.12 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. Barrick Mining Corporation has a 1-year low of $18.58 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. Sell-side analysts forecast that Barrick Mining Corporation will post 3.7 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio (DPR) is 46.41%.

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.