Global Retirement Partners LLC Acquires 12,873 Shares of Barrick Mining Corporation $B

Global Retirement Partners LLC lifted its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 288.9% during the 4th quarter, Holdings Channel reports. The firm owned 17,329 shares of the gold and copper producer’s stock after purchasing an additional 12,873 shares during the quarter. Global Retirement Partners LLC’s holdings in Barrick Mining were worth $755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $25,000. Financial Consulate Inc. boosted its position in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after purchasing an additional 521 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $30,000. Lodestone Wealth Management LLC bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $35,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $35,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 3.3%

Shares of NYSE:B opened at $42.03 on Wednesday. The business’s 50 day simple moving average is $41.18 and its two-hundred day simple moving average is $43.47. The firm has a market cap of $70.42 billion, a P/E ratio of 11.61, a PEG ratio of 1.10 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. Barrick Mining Corporation has a 52-week low of $18.58 and a 52-week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced 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. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s revenue was up 66.7% on a year-over-year basis. As a group, research analysts forecast that Barrick Mining Corporation will post 3.7 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is currently 46.41%.

Wall Street Analysts Forecast Growth

B has been the topic of several research analyst reports. Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price on the stock. Citigroup increased their price target 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 lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. started coverage on Barrick Mining in a report on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target on the stock. Finally, Canaccord Genuity Group cut their price target on Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and an average target price of $53.46.

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.