Erste Asset Management GmbH Boosts Holdings in Barrick Mining Corporation $B

Erste Asset Management GmbH increased its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 146.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,700 shares of the gold and copper producer’s stock after purchasing an additional 26,000 shares during the period. Erste Asset Management GmbH’s holdings in Barrick Mining were worth $1,911,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its stake in Barrick Mining by 9.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 349,790 shares of the gold and copper producer’s stock worth $15,236,000 after acquiring an additional 28,955 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Barrick Mining in the 4th quarter worth approximately $74,000. SouthState Bank Corp increased its stake in Barrick Mining by 297.9% in the 4th quarter. SouthState Bank Corp now owns 378,499 shares of the gold and copper producer’s stock worth $16,484,000 after acquiring an additional 283,377 shares during the last quarter. Syon Capital LLC increased its stake in Barrick Mining by 1.4% in the 4th quarter. Syon Capital LLC now owns 25,570 shares of the gold and copper producer’s stock worth $1,114,000 after acquiring an additional 355 shares during the last quarter. Finally, ING Groep NV increased its stake in Barrick Mining by 0.3% in the 4th quarter. ING Groep NV now owns 228,052 shares of the gold and copper producer’s stock worth $9,932,000 after acquiring an additional 599 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the topic of a number of research reports. UBS Group lifted their price objective on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canaccord Genuity Group reduced their price objective on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce cut their target price on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Finally, Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and an average price target of $53.46.

Barrick Mining Stock Performance

NYSE B opened at $39.09 on Wednesday. Barrick Mining Corporation has a fifty-two week low of $19.94 and a fifty-two week high of $54.69. The business’s 50 day moving average price is $41.61 and its 200-day moving average price is $43.85. The company has a market cap of $65.03 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.12 and a beta of 0.44. 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 announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. The business’s revenue for the quarter was up 66.7% compared to the same quarter last year. Sell-side analysts predict that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio is 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.