Aigen Investment Management LP Trims Stock Holdings in Barrick Mining Corporation $B

Aigen Investment Management LP decreased its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 74.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,837 shares of the gold and copper producer’s stock after selling 42,566 shares during the period. Aigen Investment Management LP’s holdings in Barrick Mining were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd raised its stake in shares of Barrick Mining by 113.2% during 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 last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Barrick Mining during the 3rd quarter valued at about $1,889,000. WINTON GROUP Ltd acquired a new stake in shares of Barrick Mining during the 3rd quarter valued at about $12,739,000. Picton Mahoney Asset Management grew its position in shares of Barrick Mining by 1,673.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock valued at $51,797,000 after acquiring an additional 1,488,438 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Barrick Mining during the 3rd quarter valued at about $111,426,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on B. Canadian Imperial Bank of Commerce dropped their target price on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price on the stock. UBS Group lifted 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. Finally, Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Stock Up 0.0%

Shares of NYSE B opened at $40.22 on Monday. The firm has a market cap of $66.89 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.14 and a beta of 0.43. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 52-week low of $20.35 and a 52-week high of $54.69. The business’s 50 day moving average is $41.51 and its two-hundred day moving average is $43.88.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 66.7% on a year-over-year basis. Research analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

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.