Capital International Sarl Has $6.49 Million Stock Position in Barrick Mining Corporation $B

Capital International Sarl lifted its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 23.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 148,957 shares of the gold and copper producer’s stock after acquiring an additional 27,997 shares during the period. Capital International Sarl’s holdings in Barrick Mining were worth $6,488,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of B. Westside Investment Management Inc. acquired a new position in Barrick Mining in the 4th quarter worth about $25,000. Financial Consulate Inc. increased its holdings 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 worth $25,000 after purchasing an additional 521 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Barrick Mining in the 4th quarter worth about $30,000. Lodestone Wealth Management LLC acquired a new position in Barrick Mining in the 4th quarter worth about $35,000. Finally, Nisa Investment Advisors LLC acquired a new position in Barrick Mining in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Trading Down 0.1%

NYSE B opened at $39.42 on Monday. The business’s 50-day moving average price is $41.56 and its two-hundred day moving average price is $43.83. Barrick Mining Corporation has a 12 month low of $19.57 and a 12 month high of $54.69. The firm has a market capitalization of $66.06 billion, a PE ratio of 10.89, a price-to-earnings-growth 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 (NYSE:B) (TSE:ABX) last released 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 return on equity of 14.81% and a net margin of 32.14%.The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. The company’s revenue for the quarter was up 66.7% compared to the same quarter last year. On average, analysts expect that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s payout ratio is 19.34%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. UBS Group upped their target price on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Citigroup upped their target price on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reduced their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company. According to 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.