Assetmark Inc. Increases Holdings in Barrick Mining Corporation $B

Assetmark Inc. lifted its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 27.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,892 shares of the gold and copper producer’s stock after buying an additional 17,845 shares during the period. Assetmark Inc.’s holdings in Barrick Mining were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Financial Consulate Inc. lifted its stake in shares of Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after purchasing an additional 521 shares during the period. Westside Investment Management Inc. purchased a new position in shares of Barrick Mining in the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in Barrick Mining during the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new stake in Barrick Mining during the first quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC bought a new stake in Barrick Mining during the third quarter valued at approximately $28,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 3.1%

Shares of NYSE B opened at $37.51 on Thursday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12-month low of $20.94 and a 12-month high of $54.69. The firm’s 50-day moving average price is $39.05 and its 200-day moving average price is $42.84. The stock has a market capitalization of $62.40 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 0.76 and a beta of 0.48.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm’s revenue was up 66.7% compared to the same quarter last year. On average, equities research analysts anticipate that Barrick Mining Corporation will post 3.61 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

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

Key Stories Impacting Barrick Mining

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

• Positive Sentiment: Barrick’s investment in Kingfisher Metals boosts its exposure to a prospective exploration asset and may support future discovery upside. Barrick Announces Investment in Kingfisher Metals
• Positive Sentiment: The company’s new stake could strengthen technical collaboration with Kingfisher and broaden Barrick’s strategic pipeline beyond existing operations. Barrick Mining to Acquire 9.9% Stake in Kingfisher Via $14.83M Deal
• Neutral Sentiment: Coverage on Barrick’s mining operations kept the company in focus, but did not include a major new operational update or financial guidance change. Barrick Mining (NYSE:B) Mining Operations Gain Market Focus
• Neutral Sentiment: JPMorgan lowered its price target to $50 from $58 while keeping an overweight rating, which may temper enthusiasm but still implies upside from current levels. Barrick price target lowered by JPMorgan Chase & Co.

Wall Street Analyst Weigh In

Several research analysts have weighed in on B shares. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays decreased their price objective on Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Citigroup reiterated a “positive” rating on shares of Barrick Mining in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada lowered their target price on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.46.

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.