Capital Financial Group Inc. Co. ADV Invests $702,000 in Barrick Mining Corporation $B

Capital Financial Group Inc. Co. ADV purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,130 shares of the gold and copper producer’s stock, valued at approximately $702,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd lifted its stake in Barrick Mining by 113.2% in 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 purchasing an additional 2,115,800 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Barrick Mining in the 3rd quarter valued at approximately $1,889,000. WINTON GROUP Ltd bought a new position in Barrick Mining in the 3rd quarter valued at approximately $12,739,000. Picton Mahoney Asset Management lifted its stake in Barrick Mining by 1,673.9% in 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 purchasing an additional 1,488,438 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in Barrick Mining in the 3rd quarter valued at approximately $111,426,000. Institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on B shares. Canadian Imperial Bank of Commerce dropped their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. UBS Group increased their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Canaccord Genuity Group dropped their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.46.

Barrick Mining Price Performance

B stock opened at $41.85 on Tuesday. The company has a fifty day moving average price of $41.52 and a 200-day moving average price of $43.90. The company has a market capitalization of $69.61 billion, a P/E ratio of 11.56, a PEG ratio of 1.14 and a beta of 0.43. Barrick Mining Corporation has a 52-week low of $20.35 and a 52-week high of $54.69. 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 released its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm 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 was up 66.7% compared to the same quarter last year. As a group, equities analysts expect 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 was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) 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.