Barrick Mining (NYSE:B) Shares Down 1.3% – Time to Sell?

Barrick Mining Corporation (NYSE:BGet Free Report) (TSE:ABX) fell 1.3% during mid-day trading on Thursday . The company traded as low as $39.75 and last traded at $41.6710. 12,367,050 shares traded hands during trading, a decline of 23% from the average session volume of 16,048,955 shares. The stock had previously closed at $42.20.

Key Stories Impacting Barrick Mining

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on B shares. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 target price on the stock in a research report on Friday, December 5th. DZ Bank raised Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. JPMorgan Chase & Co. started coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $71.00 price objective on shares of Barrick Mining in a report on Wednesday, February 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

Read Our Latest Research Report on B

Barrick Mining Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The firm has a market cap of $69.81 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.35 and a beta of 0.51. The stock has a 50-day moving average price of $45.62 and a 200 day moving average price of $41.09.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last announced its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.Barrick Mining’s revenue for the quarter was up 44.6% on a year-over-year basis. As a group, equities research analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. Barrick Mining’s dividend payout ratio is currently 57.34%.

Institutional Trading of Barrick Mining

Several institutional investors and hedge funds have recently bought and sold shares of the business. McAlvany Wealth Management LLC purchased a new stake in Barrick Mining in the 4th quarter valued at $3,805,000. Purpose Unlimited Inc. purchased a new position in Barrick Mining during the 4th quarter worth $1,992,000. Rockefeller Capital Management L.P. increased its stake in Barrick Mining by 8.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 540,000 shares of the gold and copper producer’s stock valued at $23,517,000 after purchasing an additional 43,757 shares during the period. Fund Advisors of America Inc FL acquired a new position in Barrick Mining in the fourth quarter valued at $251,000. Finally, World Investment Advisors raised its holdings in shares of Barrick Mining by 7.2% in the fourth quarter. World Investment Advisors now owns 11,614 shares of the gold and copper producer’s stock valued at $506,000 after buying an additional 782 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Barrick Mining

(Get 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.

Further Reading

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