58,005 Shares in Barrick Mining Corporation $B Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 58,005 shares of the gold and copper producer’s stock, valued at approximately $2,554,000.

A number of other hedge funds have also bought and sold shares of B. Capital International Investors grew its stake in Barrick Mining by 35.9% in the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after purchasing an additional 26,921,219 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Barrick Mining in the second quarter worth about $211,263,000. Canada Pension Plan Investment Board bought a new position in Barrick Mining in the second quarter worth about $172,230,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Barrick Mining by 664.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,013,464 shares of the gold and copper producer’s stock worth $295,977,000 after acquiring an additional 7,833,887 shares during the last quarter. Finally, Orbis Allan Gray Ltd bought a new position in Barrick Mining in the second quarter worth about $131,221,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Price Performance

Shares of NYSE:B opened at $43.15 on Wednesday. Barrick Mining Corporation has a one year low of $19.57 and a one year high of $54.69. The stock has a fifty day moving average of $41.25 and a 200-day moving average of $43.69. The company has a market capitalization of $72.30 billion, a PE ratio of 11.92, a price-to-earnings-growth 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 quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 66.7% compared to the same quarter last year. As a group, equities analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The company 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 dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

Analyst Upgrades and Downgrades

B has been the topic of a number of recent research reports. Barclays assumed coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price on the stock. Canadian Imperial Bank of Commerce cut their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, UBS Group lifted their price target on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.46.

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.