Capital International Inc. CA Cuts Holdings in Barrick Mining Corporation $B

Capital International Inc. CA reduced its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 28.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,999,403 shares of the gold and copper producer’s stock after selling 1,587,785 shares during the period. Barrick Mining comprises 1.4% of Capital International Inc. CA’s investment portfolio, making the stock its 13th biggest position. Capital International Inc. CA owned approximately 0.24% of Barrick Mining worth $174,210,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on B. Citigroup raised their price objective on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce decreased their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. UBS Group raised their price objective on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barclays began coverage on Barrick Mining in a report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.46.

Barrick Mining Stock Down 7.9%

NYSE:B opened at $39.42 on Friday. The company has a market capitalization of $66.06 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.44. Barrick Mining Corporation has a one year low of $19.57 and a one year high of $54.69. The stock has a 50-day simple moving average of $41.56 and a 200 day simple moving average of $43.78. 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 issued its earnings results 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 firm’s revenue was up 66.7% on a year-over-year basis. Sell-side analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.175 per share. The ex-dividend date is Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. Barrick Mining’s payout ratio is currently 19.34%.

Barrick Mining Company 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.