Maven Securities LTD Acquires New Position in Barrick Mining Corporation $B

Maven Securities LTD acquired a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 70,185 shares of the gold and copper producer’s stock, valued at approximately $3,058,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Motiv8 Investments LLC acquired a new position in Barrick Mining in the 4th quarter worth approximately $31,000. Focus Partners Wealth increased its holdings in Barrick Mining by 47.5% in the 4th quarter. Focus Partners Wealth now owns 48,868 shares of the gold and copper producer’s stock worth $2,096,000 after buying an additional 15,740 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Barrick Mining by 427.3% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 685,867 shares of the gold and copper producer’s stock worth $29,870,000 after buying an additional 555,791 shares during the period. K2 Principal Fund L.P. increased its holdings in Barrick Mining by 26.7% in the 4th quarter. K2 Principal Fund L.P. now owns 101,145 shares of the gold and copper producer’s stock worth $4,405,000 after buying an additional 21,300 shares during the period. Finally, Clear Street Group Inc. acquired a new position in Barrick Mining in the 4th quarter worth approximately $236,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on B shares. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. UBS Group increased their price target on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Canaccord Genuity Group cut their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, Barclays started coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.46.

Barrick Mining Price Performance

Shares of NYSE B opened at $40.22 on Monday. The stock has a market capitalization of $66.89 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.14 and a beta of 0.43. Barrick Mining Corporation has a 12 month low of $20.35 and a 12 month high of $54.69. The firm’s 50 day simple moving average is $41.51 and its 200-day simple moving average is $43.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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 business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business’s revenue was up 66.7% compared to the same quarter last year. Analysts expect that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. 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 (DPR) is presently 19.34%.

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.