Barrick Mining Corporation $B Shares Acquired by Evexia Wealth LLC

Evexia Wealth LLC boosted its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 7.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 404,030 shares of the gold and copper producer’s stock after buying an additional 28,863 shares during the period. Barrick Mining accounts for approximately 4.9% of Evexia Wealth LLC’s holdings, making the stock its 3rd biggest holding. Evexia Wealth LLC’s holdings in Barrick Mining were worth $17,381,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Consulate Inc. lifted its holdings in Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after buying an additional 521 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining in the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining in the 4th quarter worth approximately $26,000. JPL Wealth Management LLC bought a new stake in shares of Barrick Mining in the 3rd quarter valued at approximately $28,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining in the 4th quarter valued at approximately $30,000. 90.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

B has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce reduced their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Barclays initiated coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective for the company. UBS Group boosted their target price 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. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.46.

Barrick Mining Trading Down 0.0%

NYSE:B opened at $40.32 on Monday. Barrick Mining Corporation has a 12-month low of $20.35 and a 12-month high of $54.69. The firm has a market capitalization of $67.07 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.15 and a beta of 0.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The business has a 50 day simple moving average of $41.48 and a 200 day simple moving average of $43.89.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping 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 firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining’s revenue was up 66.7% on a year-over-year basis. Equities research analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s dividend 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.