Gamco Investors INC. ET AL Has $3.82 Million Stock Position in Barrick Mining Corporation $B

Gamco Investors INC. ET AL lowered its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,640 shares of the gold and copper producer’s stock after selling 14,331 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Barrick Mining were worth $3,820,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC boosted its position in Barrick Mining by 3.5% during the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares during the last quarter. Parvin Asset Management LLC increased its position in shares of Barrick Mining by 0.7% during the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after purchasing an additional 225 shares during the last quarter. Silver Oak Securities Incorporated raised its stake in shares of Barrick Mining by 2.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after purchasing an additional 246 shares in the last quarter. Mmbg Investment Advisors CO. raised its stake in shares of Barrick Mining by 0.6% during the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 254 shares in the last quarter. Finally, S.A. Mason LLC boosted its holdings in shares of Barrick Mining by 1.3% in the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after buying an additional 300 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of NYSE B opened at $37.34 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $62.10 billion, a P/E ratio of 10.31, a P/E/G ratio of 0.79 and a beta of 0.48. Barrick Mining Corporation has a 12 month low of $20.94 and a 12 month high of $54.69. The stock has a 50 day moving average of $38.79 and a 200-day moving average of $42.66.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share 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 business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. The company’s revenue for the quarter was up 66.7% on a year-over-year basis. As a group, equities research analysts predict that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s payout ratio is currently 19.34%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Bank of America cut their price target on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada decreased their price objective on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Finally, Scotiabank dropped their target price on shares of Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.46.

Barrick Mining 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.