Barrick Mining Corporation $B Shares Sold by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC lowered its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 40.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,044 shares of the gold and copper producer’s stock after selling 88,466 shares during the period. Cary Street Partners Financial LLC’s holdings in Barrick Mining were worth $4,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Arlington Trust Co LLC purchased a new stake in shares of Barrick Mining in the 3rd quarter valued at $26,000. Investors Research Corp acquired a new position in Barrick Mining during the third quarter valued at $36,000. Cloud Capital Management LLC acquired a new position in Barrick Mining during the third quarter valued at $40,000. Grove Bank & Trust purchased a new stake in Barrick Mining in the third quarter valued at $41,000. Finally, Webster Bank N. A. acquired a new stake in Barrick Mining during the 3rd quarter worth about $49,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on B shares. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 price target for the company in a report on Friday, December 5th. Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. UBS Group set a $55.00 target price on shares of Barrick Mining in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Price Performance

Barrick Mining stock opened at $49.77 on Thursday. The stock has a market capitalization of $83.38 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.40 and a beta of 0.40. The company’s fifty day moving average price is $47.49 and its 200 day moving average price is $38.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69.

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 for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s payout ratio is presently 23.89%.

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.