SG Americas Securities LLC Grows Stake in Barrick Mining Corporation $B

SG Americas Securities LLC increased its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 91.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,065,042 shares of the gold and copper producer’s stock after acquiring an additional 507,386 shares during the period. SG Americas Securities LLC owned about 0.06% of Barrick Mining worth $43,443,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of B. Quadrature Capital Ltd increased its holdings in Barrick Mining by 113.2% during the third 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 purchased a new position in shares of Barrick Mining during the 3rd quarter worth $1,889,000. WINTON GROUP Ltd bought a new stake in shares of Barrick Mining during the 3rd quarter valued at $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 bought a new stake in shares of Barrick Mining during the 3rd quarter valued at $111,426,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

Shares of NYSE:B opened at $38.13 on Wednesday. The firm has a market cap of $63.43 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.14 and a beta of 0.44. The firm has a fifty day moving average price of $41.33 and a 200 day moving average price of $43.87. Barrick Mining Corporation has a fifty-two week low of $20.35 and a fifty-two 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 announced its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. The firm’s quarterly revenue was up 66.7% on a year-over-year basis. As a group, sell-side analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. UBS Group raised their price objective on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Barclays began coverage on Barrick Mining in a research note on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. One equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $53.46.

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.