Seaview Investment Managers LLC Sells 106,724 Shares of Barrick Mining Corporation $B

Seaview Investment Managers LLC lowered its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 35.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,518 shares of the gold and copper producer’s stock after selling 106,724 shares during the period. Barrick Mining comprises 3.2% of Seaview Investment Managers LLC’s holdings, making the stock its 13th largest position. Seaview Investment Managers LLC’s holdings in Barrick Mining were worth $8,384,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bogart Wealth LLC increased its position in shares of Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after buying an additional 218 shares in the last quarter. S.A. Mason LLC increased its position in shares of Barrick Mining by 1.3% in the 4th 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 in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Barrick Mining by 1.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after buying an additional 302 shares in the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Barrick Mining by 3.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 8,569 shares of the gold and copper producer’s stock valued at $373,000 after buying an additional 319 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its position in shares of Barrick Mining by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,300 shares of the gold and copper producer’s stock valued at $361,000 after buying an additional 332 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $40.64 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. The stock has a market cap of $68.10 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.10 and a beta of 0.41. The company’s fifty day moving average is $41.18 and its 200 day moving average is $43.40. Barrick Mining Corporation has a twelve month low of $18.58 and a twelve month high of $54.69.

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

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is currently 46.41%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on B. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. 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. Canadian Imperial Bank of Commerce cut their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Citigroup raised their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, UBS Group raised their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Company 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.