Maven Securities LTD Invests $3.06 Million in Barrick Mining Corporation $B

Maven Securities LTD bought a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 70,185 shares of the gold and copper producer’s stock, valued at approximately $3,058,000.

A number of other institutional investors have also recently added to or reduced their stakes in B. Financial Consulate Inc. grew its stake 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 acquiring an additional 521 shares during the period. Westside Investment Management Inc. acquired a new stake in Barrick Mining in the 4th quarter valued at $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Barrick Mining in the 4th quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at $28,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Barrick Mining in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Trading Up 0.0%

Shares of B opened at $40.22 on Monday. Barrick Mining Corporation has a 52-week low of $20.35 and a 52-week high of $54.69. 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 firm’s fifty day moving average is $41.51 and its two-hundred day moving average is $43.88. The stock has a market cap of $66.89 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.14 and a beta of 0.43.

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 (EPS) 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 company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. The business’s revenue for the quarter was up 66.7% on a year-over-year basis. Research analysts forecast that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced 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. This represents a $0.70 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s payout ratio is 19.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on B shares. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group dropped their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Barclays started coverage on shares of Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. One 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’s stock. According to data from MarketBeat.com, Barrick Mining currently 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.