Corient Private Wealth LLC Purchases 16,029 Shares of Barrick Mining Corporation $B

Corient Private Wealth LLC grew its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 32.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,840 shares of the gold and copper producer’s stock after purchasing an additional 16,029 shares during the quarter. Corient Private Wealth LLC’s holdings in Barrick Mining were worth $2,868,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd grew its position in shares of Barrick Mining by 113.2% in the third quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock valued at $130,764,000 after purchasing an additional 2,115,800 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Barrick Mining during the 3rd quarter valued at $1,889,000. WINTON GROUP Ltd purchased a new stake in Barrick Mining during the 3rd quarter worth about $12,739,000. Picton Mahoney Asset Management lifted its holdings in Barrick Mining by 1,673.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock worth $51,797,000 after purchasing an additional 1,488,438 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in Barrick Mining in the 3rd quarter worth about $111,426,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

NYSE:B opened at $37.31 on Friday. The stock has a market cap of $62.06 billion, a P/E ratio of 10.31, a PEG ratio of 1.06 and a beta of 0.44. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $40.93 and its two-hundred day moving average price is $43.76. Barrick Mining Corporation has a twelve month low of $20.35 and a twelve month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining’s revenue for the quarter was up 66.7% on a year-over-year basis. As a group, equities analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. Barrick Mining’s dividend payout ratio (DPR) is 19.34%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on B shares. UBS Group upped their price target on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Barclays initiated coverage on shares of Barrick Mining in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective for the company. Canadian Imperial Bank of Commerce reduced their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One equities 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. According to data from MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and an average price target 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.