Aubrey Capital Management Ltd Trims Position in Barrick Mining Corporation $B

Aubrey Capital Management Ltd lowered its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 65.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,000 shares of the gold and copper producer’s stock after selling 15,259 shares during the quarter. Aubrey Capital Management Ltd’s holdings in Barrick Mining were worth $326,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of B. CW Advisors LLC acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $283,000. EverSource Wealth Advisors LLC purchased a new position in Barrick Mining during the second quarter worth approximately $53,000. First Trust Advisors LP purchased a new position in Barrick Mining during the second quarter worth approximately $857,000. Baird Financial Group Inc. purchased a new position in Barrick Mining during the second quarter worth approximately $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $543,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Trading Up 1.5%

Shares of B opened at $36.48 on Wednesday. The stock’s 50-day moving average is $40.05 and its two-hundred day moving average is $43.21. The stock has a market cap of $60.69 billion, a PE ratio of 10.08, a P/E/G ratio of 0.78 and a beta of 0.48. Barrick Mining Corporation has a 12 month low of $20.52 and a 12 month 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.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results 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 return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The company’s revenue was up 66.7% compared to the same quarter last year. Equities analysts forecast that Barrick Mining Corporation will post 3.63 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Barclays assumed coverage on Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price on the stock. UBS Group lowered their price target on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Canadian Imperial Bank of Commerce dropped their price target on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. 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. Based on data from MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

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.