Capital Group Private Client Services Inc. Has $13.25 Million Stock Position in Barrick Mining Corporation $B

Capital Group Private Client Services Inc. boosted its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 26.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 304,138 shares of the gold and copper producer’s stock after buying an additional 63,553 shares during the period. Capital Group Private Client Services Inc.’s holdings in Barrick Mining were worth $13,247,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Consulate Inc. raised its position in 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 period. Westside Investment Management Inc. acquired a new position in Barrick Mining during the fourth quarter valued at $25,000. JPL Wealth Management LLC acquired a new position in Barrick Mining during the third quarter valued at $28,000. Laurel Wealth Advisors LLC acquired a new position in Barrick Mining during the fourth quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Barrick Mining during the third quarter valued at $31,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on B. Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Canaccord Genuity Group dropped their target price on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, UBS Group upped their target price on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. One 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. According to data from MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target of $53.46.

Barrick Mining Stock Performance

B opened at $39.42 on Friday. The company has a market cap of $66.06 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.44. The stock has a 50-day moving average of $41.56 and a 200-day moving average of $43.78. Barrick Mining Corporation has a 52-week low of $19.57 and a 52-week high of $54.69. 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 (NYSE:B) (TSE:ABX) last released 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 company had revenue of $4.11 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 66.7% on a year-over-year basis. As a group, equities research analysts forecast that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is 19.34%.

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.