Cvfg LLC Makes New Investment in Barrick Mining Corporation $B

Cvfg LLC bought a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 105,480 shares of the gold and copper producer’s stock, valued at approximately $4,303,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Flatrock Wealth Partners LLC bought a new stake in shares of Barrick Mining in the 1st quarter worth approximately $289,000. Addison Capital Co grew its stake in Barrick Mining by 14.0% during the 1st quarter. Addison Capital Co now owns 6,495 shares of the gold and copper producer’s stock worth $265,000 after buying an additional 800 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in Barrick Mining by 8.0% in the first quarter. Meridian Investment Counsel Inc. now owns 72,879 shares of the gold and copper producer’s stock worth $2,973,000 after buying an additional 5,370 shares during the period. Kathmere Capital Management LLC bought a new stake in Barrick Mining in the first quarter valued at $250,000. Finally, DGS Capital Management LLC lifted its stake in Barrick Mining by 81.7% in the first quarter. DGS Capital Management LLC now owns 9,210 shares of the gold and copper producer’s stock valued at $376,000 after buying an additional 4,141 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce decreased their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays assumed coverage on Barrick Mining in a report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target on the stock. Finally, UBS Group decreased their price objective on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.15.

Barrick Mining Stock Down 3.4%

NYSE B opened at $36.80 on Wednesday. Barrick Mining Corporation has a 12 month low of $20.52 and a 12 month high of $54.69. The company has a market capitalization of $61.21 billion, a P/E ratio of 10.17, a PEG ratio of 1.08 and a beta of 0.48. The company’s 50 day simple moving average is $40.34 and its 200 day simple moving average is $43.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates 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. Equities research analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. Barrick Mining’s dividend payout ratio (DPR) is currently 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.