Barrick Mining Corporation $B Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 18.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 927,066 shares of the gold and copper producer’s stock after selling 211,698 shares during the period. HighTower Advisors LLC’s holdings in Barrick Mining were worth $40,374,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of B. Financial Consulate Inc. raised its holdings in Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after acquiring an additional 521 shares during the last quarter. Westside Investment Management Inc. acquired a new position in Barrick Mining in the 4th quarter valued at $25,000. JPL Wealth Management LLC acquired a new position in Barrick Mining in the 3rd quarter valued at $28,000. Laurel Wealth Advisors LLC acquired a new position in Barrick Mining in the 4th quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Barrick Mining in the 3rd quarter valued at $31,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

B has been the subject of several analyst reports. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Scotiabank upped their price objective on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Citigroup upped their price objective on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Trading Up 0.9%

B stock opened at $41.31 on Friday. The company has a market cap of $69.22 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.11 and a beta of 0.41. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $41.36 and a 200-day simple moving average of $43.28. Barrick Mining Corporation has a 52 week low of $18.41 and a 52 week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining’s quarterly revenue was up 66.7% on a year-over-year basis. On average, equities research analysts expect that Barrick Mining Corporation will post 3.7 EPS for the current year.

Barrick Mining Cuts Dividend

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

More Barrick Mining News

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

• Positive Sentiment: Analyst-focused coverage said Barrick could have more than 50% upside, citing its very strong net income margin and roughly $5 billion in FY25 net income, reinforcing the case for continued earnings strength. Analysts See 50%+ Upside In Barrick Mining (B); Here’s What’s Driving It
• Positive Sentiment: Another analyst note and a Zacks article both described Barrick Mining as attractive on valuation and momentum, suggesting the stock is benefiting from stronger investor sentiment around gold-mining names. Here’s Why Barrick Mining (B) is a Strong Momentum Stock
• Positive Sentiment: Comparisons with Kinross Gold pointed to Barrick’s strong projects, rising cash flows, and growth prospects, which can support the stock as gold prices remain resilient. B vs. KGC: Which Gold Mining Stock Should You Bet on Now?
• Neutral Sentiment: RBC Capital reportedly reiterated a buy rating on Barrick, while another press item also repeated a bullish stance; these are supportive, but they do not appear to be new catalysts. RBC Capital Sticks to Their Buy Rating for Barrick Mining (B)
• Neutral Sentiment: Barrick’s reported plan for a North American IPO could eventually unlock value, but it is still early and investors may be waiting for more details before assigning full upside. Barrick Mining IPO Plan Highlights Valuation Gap And Investor Trade Offs
• Negative Sentiment: One report said Barrick is stepping up Ebola precautions at its Kibali mine, which may raise operational caution around a key asset, though there was no indication of a direct disruption. Barrick steps up Ebola precautions at Kibali mine

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.