D.A. Davidson & CO. Sells 35,274 Shares of Barrick Mining Corporation $B

D.A. Davidson & CO. cut its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 33.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,296 shares of the gold and copper producer’s stock after selling 35,274 shares during the period. D.A. Davidson & CO.’s holdings in Barrick Mining were worth $2,908,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FIL Ltd raised its position in Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock valued at $1,311,169,000 after purchasing an additional 13,853,587 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Barrick Mining by 22.8% in the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after purchasing an additional 10,287,544 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Barrick Mining during the 2nd quarter valued at about $211,263,000. Canada Pension Plan Investment Board bought a new position in shares of Barrick Mining during the 2nd quarter valued at about $172,230,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Barrick Mining by 61.9% during the 4th quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock valued at $909,104,000 after buying an additional 7,870,411 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group dropped their target price on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Barclays reduced their price target on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Bank of America decreased their price target on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.85.

Barrick Mining Stock Down 0.0%

B opened at $34.93 on Monday. The company has a market cap of $58.10 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.76 and a beta of 0.48. The business’s 50-day moving average price is $39.63 and its 200-day moving average price is $43.00. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12 month low of $20.68 and a 12 month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm’s quarterly revenue was up 66.7% compared to the same quarter last year. On average, equities analysts expect that Barrick Mining Corporation will post 3.61 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.175 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 2.0%. Barrick Mining’s payout ratio is presently 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.