Westerkirk Capital Inc. Sells 53,400 Shares of Barrick Mining Corporation $B

Westerkirk Capital Inc. cut its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 67.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 25,530 shares of the gold and copper producer’s stock after selling 53,400 shares during the period. Westerkirk Capital Inc.’s holdings in Barrick Mining were worth $1,112,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of B. Financial Consulate Inc. lifted its position in Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after buying an additional 521 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Barrick Mining during the fourth quarter worth $25,000. JPL Wealth Management LLC bought a new stake in shares of Barrick Mining during the third quarter worth $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the fourth quarter worth $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Barrick Mining during the third quarter worth $31,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $39.51 on Tuesday. The firm has a market cap of $66.20 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.12 and a beta of 0.43. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12 month low of $19.80 and a 12 month high of $54.69. The stock’s fifty day moving average price is $41.60 and its 200-day moving average price is $43.84.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business’s quarterly revenue was up 66.7% on a year-over-year basis. On average, equities research analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid 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 1.8%. Barrick Mining’s dividend payout ratio (DPR) is currently 19.34%.

Analyst Upgrades and Downgrades

B has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce decreased their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. UBS Group lifted their target price on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.