Private Advisor Group LLC Has $2.23 Million Stock Holdings in Barrick Mining Corporation $B

Private Advisor Group LLC reduced its stake in Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 21.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,708 shares of the gold and copper producer’s stock after selling 15,328 shares during the quarter. Private Advisor Group LLC’s holdings in Barrick Mining were worth $2,232,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Quadrature Capital Ltd grew its stake in shares of Barrick Mining by 113.2% in the 3rd quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock valued at $130,764,000 after buying an additional 2,115,800 shares during the period. BlueCrest Capital Management Ltd acquired a new position in Barrick Mining during the 3rd quarter worth approximately $1,889,000. Enclave Advisors LLC bought a new position in Barrick Mining in the fourth quarter worth approximately $2,395,000. United Financial Planning Group LLC bought a new position in Barrick Mining in the third quarter worth approximately $848,000. Finally, Cinctive Capital Management LP bought a new position in Barrick Mining in the third quarter worth approximately $8,024,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Performance

NYSE B opened at $36.63 on Friday. Barrick Mining Corporation has a 1 year low of $20.52 and a 1 year high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The firm has a market cap of $60.93 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.79 and a beta of 0.48. The company has a fifty day moving average price of $40.16 and a 200-day moving average price of $43.36.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm’s revenue was up 66.7% compared to the same quarter last year. As a group, equities research analysts predict that Barrick Mining Corporation will post 3.67 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on B. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Royal Bank Of Canada reduced their price target on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group decreased their price target on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. One research 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 stock. Based on data from MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and an average price target of $54.46.

Read Our Latest Stock Report on B

Key Barrick Mining News

Here are the key news stories impacting Barrick Mining this week:

Barrick Mining Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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