Stephens Inc. AR Sells 24,747 Shares of Barrick Mining Corporation $B

Stephens Inc. AR decreased its stake in Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 31.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,985 shares of the gold and copper producer’s stock after selling 24,747 shares during the quarter. Stephens Inc. AR’s holdings in Barrick Mining were worth $1,769,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Investors Research Corp acquired a new stake in shares of Barrick Mining in the 3rd quarter valued at $36,000. Vermillion Wealth Management Inc. bought a new position in Barrick Mining during the 2nd quarter valued at about $25,000. Concord Wealth Partners acquired a new position in Barrick Mining in the second quarter valued at about $26,000. Crowley Wealth Management Inc. bought a new stake in Barrick Mining during the second quarter worth about $26,000. Finally, Grove Bank & Trust acquired a new stake in shares of Barrick Mining during the third quarter worth approximately $41,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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Here are the key news stories impacting Barrick Mining this week:

Analysts Set New Price Targets

B has been the topic of several recent analyst reports. Raymond James Financial boosted their target price on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. UBS Group boosted their price objective on Barrick Mining from $39.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Royal Bank Of Canada raised their target price on Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.17.

Check Out Our Latest Stock Report on B

Barrick Mining Stock Performance

B stock opened at $48.68 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. The firm has a market cap of $81.56 billion, a PE ratio of 23.52, a P/E/G ratio of 0.41 and a beta of 0.41. The business has a 50 day moving average of $42.65 and a 200-day moving average of $32.92. Barrick Mining Corporation has a 12-month low of $15.47 and a 12-month high of $50.51.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last issued its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.Barrick Mining’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. As a group, sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $0.175 per share. The ex-dividend date was Friday, November 28th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 1.4%. Barrick Mining’s dividend payout ratio (DPR) is currently 33.82%.

Barrick Mining Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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