Seaview Investment Managers LLC Sells 106,724 Shares of Barrick Mining Corporation $B

Seaview Investment Managers LLC reduced its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 35.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,518 shares of the gold and copper producer’s stock after selling 106,724 shares during the period. Barrick Mining makes up approximately 3.2% of Seaview Investment Managers LLC’s holdings, making the stock its 13th largest holding. Seaview Investment Managers LLC’s holdings in Barrick Mining were worth $8,384,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining in the 4th quarter worth approximately $25,000. Financial Consulate Inc. boosted its holdings in shares of 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 worth $25,000 after acquiring an additional 521 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Barrick Mining in the 4th quarter worth approximately $30,000. Lodestone Wealth Management LLC acquired a new position in shares of Barrick Mining in the 4th quarter worth approximately $35,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Barrick Mining in the 4th quarter worth approximately $35,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Down 0.1%

NYSE:B opened at $40.64 on Tuesday. The stock’s fifty day moving average price is $41.18 and its two-hundred day moving average price is $43.40. Barrick Mining Corporation has a 52-week low of $18.58 and a 52-week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The company has a market cap of $68.10 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.10 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s quarterly revenue was up 66.7% on a year-over-year basis. On average, analysts anticipate 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. Stockholders of record on Friday, May 29th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is 46.41%.

Analyst Upgrades and Downgrades

B has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their target price on Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Scotiabank boosted their target price on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. 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, Canadian Imperial Bank of Commerce reduced their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Barrick Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.46.

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.