Integrated Quantitative Investments LLC Cuts Stock Position in Barrick Mining Corporation $B

Integrated Quantitative Investments LLC cut its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,585 shares of the gold and copper producer’s stock after selling 14,029 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Barrick Mining were worth $970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. purchased a new position in Barrick Mining in the second quarter valued at about $17,559,000. Keybank National Association OH bought a new position in shares of Barrick Mining during the 2nd quarter worth $362,000. Sigma Planning Corp purchased a new stake in Barrick Mining during the second quarter valued at about $1,306,000. Burney Co. purchased a new position in shares of Barrick Mining in the second quarter worth about $1,026,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Barrick Mining during the 2nd quarter valued at approximately $33,811,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

B has been the topic of several recent analyst reports. Cormark upgraded shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Raymond James Financial lifted their price target on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 price objective for the company in a report on Friday, December 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Barrick Mining Price Performance

B opened at $46.77 on Thursday. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $78.36 billion, a P/E ratio of 15.96, a PEG ratio of 1.45 and a beta of 0.41. The stock has a 50-day moving average price of $47.88 and a 200-day moving average price of $39.07. Barrick Mining Corporation has a 12-month low of $17.00 and a 12-month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company’s quarterly revenue was up 44.6% on a year-over-year basis. Equities analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This represents a $1.68 annualized dividend and a yield of 3.6%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

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.