Forsta AP Fonden Sells 84,400 Shares of Barrick Mining Corporation $B

Forsta AP Fonden lessened its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 18.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 377,544 shares of the gold and copper producer’s stock after selling 84,400 shares during the period. Forsta AP Fonden’s holdings in Barrick Mining were worth $16,468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC raised its stake in Barrick Mining by 3.5% in the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after buying an additional 218 shares in the last quarter. Mmbg Investment Advisors CO. raised its stake in Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after buying an additional 254 shares in the last quarter. S.A. Mason LLC raised its stake in Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after buying an additional 300 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Barrick Mining by 1.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock worth $1,359,000 after buying an additional 302 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in Barrick Mining by 3.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 8,569 shares of the gold and copper producer’s stock worth $373,000 after buying an additional 319 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

NYSE B opened at $42.63 on Friday. The firm’s fifty day simple moving average is $41.17 and its two-hundred day simple moving average is $43.58. 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 $18.83 and a 12-month high of $54.69. The firm has a market capitalization of $71.42 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.13 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly 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 business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. Analysts forecast that Barrick Mining Corporation will post 3.78 EPS 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. Shareholders of record on Friday, May 29th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s payout ratio is currently 46.41%.

Wall Street Analysts Forecast Growth

B has been the subject of a number of recent research reports. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. 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 boosted their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group reduced their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average 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.