Capital International Sarl Acquires 27,997 Shares of Barrick Mining Corporation $B

Capital International Sarl lifted its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 23.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,957 shares of the gold and copper producer’s stock after acquiring an additional 27,997 shares during the quarter. Capital International Sarl’s holdings in Barrick Mining were worth $6,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CW Advisors LLC bought a new stake in Barrick Mining in the 2nd quarter valued at $283,000. EverSource Wealth Advisors LLC bought a new stake in Barrick Mining in the 2nd quarter valued at $53,000. First Trust Advisors LP bought a new stake in Barrick Mining in the 2nd quarter valued at $857,000. Baird Financial Group Inc. bought a new stake in Barrick Mining in the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC bought a new stake in Barrick Mining in the 2nd quarter valued at $543,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Performance

NYSE:B opened at $39.42 on Monday. The stock has a fifty day moving average price of $41.56 and a 200-day moving average price of $43.83. The company has a market cap of $66.06 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.12 and a beta of 0.43. 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 fifty-two week low of $19.57 and a fifty-two week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The firm 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%.Barrick Mining’s revenue was up 66.7% on a year-over-year basis. As a group, equities analysts anticipate that Barrick Mining Corporation will post 3.78 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 given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is presently 19.34%.

Analysts Set New Price Targets

Several research firms recently issued reports on B. Barclays began coverage on Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target for the company. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. UBS Group boosted their price target on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Citigroup increased their price target on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.46.

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.