Barrick Mining Corporation $B Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 21.5% during the fourth quarter, Holdings Channel reports. The fund owned 107,173 shares of the gold and copper producer’s stock after selling 29,310 shares during the quarter. Rathbones Group PLC’s holdings in Barrick Mining were worth $4,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in shares of Barrick Mining in the fourth quarter worth $35,000. Lodestone Wealth Management LLC acquired a new stake in Barrick Mining during the fourth quarter valued at $35,000. Arlington Trust Co LLC acquired a new stake in Barrick Mining during the third quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in Barrick Mining during the third quarter valued at $28,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Barrick Mining during the third quarter valued at $31,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Stock Performance

B opened at $41.09 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The company has a market cap of $68.85 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.36 and a beta of 0.50. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The firm’s fifty day simple moving average is $45.08 and its two-hundred day simple moving average is $41.43.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm’s revenue was up 44.6% on a year-over-year basis. Equities analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 4.1%. Barrick Mining’s payout ratio is 57.34%.

Analysts Set New Price Targets

Several research firms recently commented on B. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $71.00 price target on shares of Barrick Mining in a research report on Wednesday, February 4th. ATB Cormark Capital Markets upgraded shares of Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $54.83.

About Barrick Mining

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.