Barrick Mining Corporation $B Stock Position Lessened by Capital International Investors

Capital International Investors decreased its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,673,678 shares of the gold and copper producer’s stock after selling 18,172,910 shares during the quarter. Capital International Investors owned 4.99% of Barrick Mining worth $3,646,361,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Financial Consulate Inc. lifted its stake 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 acquiring an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in Barrick Mining in the 4th quarter worth about $25,000. JPL Wealth Management LLC purchased a new stake in Barrick Mining in the 3rd quarter worth about $28,000. Laurel Wealth Advisors LLC purchased a new stake in Barrick Mining in the 4th quarter worth about $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Barrick Mining in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group raised their price target on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Barclays assumed coverage on Barrick Mining in a research note on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target for the company. Citigroup raised their price target on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.46.

Barrick Mining Price Performance

Shares of B stock opened at $39.42 on Friday. The stock has a 50 day moving average of $41.56 and a two-hundred day moving average of $43.78. 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 Corporation has a 12 month low of $19.57 and a 12 month high of $54.69. The company has a market capitalization of $66.06 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.12 and a beta of 0.44.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping 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 company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The company’s quarterly revenue was up 66.7% compared to the same quarter last year. As a group, equities analysts expect that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is currently 19.34%.

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.