Barrick Mining Corporation $B Shares Bought by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda increased its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 80.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 140,461 shares of the gold and copper producer’s stock after purchasing an additional 62,429 shares during the period. Barrick Mining comprises 1.7% of Wealth High Governance Capital Ltda’s holdings, making the stock its 27th largest holding. Wealth High Governance Capital Ltda’s holdings in Barrick Mining were worth $5,729,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Consulate Inc. grew its holdings in shares of Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after buying an additional 521 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in Barrick Mining during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Barrick Mining during the fourth quarter worth about $26,000. Ascentis Independent Advisors acquired a new stake in Barrick Mining during the 1st quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC acquired a new position in Barrick Mining during the third quarter valued at $28,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank Of Canada decreased their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Barclays decreased their price target on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. 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. Wall Street Zen cut Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Citigroup reissued a “positive” rating on shares of Barrick Mining in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and an average price target of $52.46.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $36.73 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The stock has a market capitalization of $60.45 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.78 and a beta of 0.47. The business has a 50-day moving average of $38.49 and a 200 day moving average of $42.35. Barrick Mining Corporation has a 12 month low of $20.94 and a 12 month high of $54.69.

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 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 firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. The firm’s revenue was up 66.7% on a year-over-year basis. As a group, sell-side analysts forecast that Barrick Mining Corporation will post 3.57 earnings per share for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s dividend payout ratio is presently 19.34%.

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.