Qsemble Capital Management LP Sells 46,174 Shares of Barrick Mining Corporation $B

Qsemble Capital Management LP decreased its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 36.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 80,115 shares of the gold and copper producer’s stock after selling 46,174 shares during the period. Qsemble Capital Management LP’s holdings in Barrick Mining were worth $3,489,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of B. CW Advisors LLC acquired a new position in shares of Barrick Mining in the 2nd quarter worth approximately $283,000. EverSource Wealth Advisors LLC acquired a new stake in Barrick Mining during the 2nd quarter valued at $53,000. First Trust Advisors LP bought a new position in Barrick Mining in the 2nd quarter valued at $857,000. Baird Financial Group Inc. bought a new position in Barrick Mining in the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in Barrick Mining in the second quarter worth $543,000. Institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on B shares. Scotiabank raised their target price on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. UBS Group increased their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. began coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

Barrick Mining Trading Down 5.9%

Shares of B opened at $40.60 on Friday. The stock’s fifty day simple moving average is $41.77 and its 200-day simple moving average is $42.98. The firm has a market capitalization of $68.02 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.19 and a beta of 0.41. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $54.69. The company has a quick ratio of 2.33, a current ratio of 3.06 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.Barrick Mining’s revenue was up 66.7% on a year-over-year basis. As a group, research analysts predict that Barrick Mining Corporation will post 3.67 earnings per share for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.175 per share. The ex-dividend date is Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s payout ratio is currently 46.41%.

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.