Investment Management Corp of Ontario Acquires 144,942 Shares of Barrick Mining Corporation $B

Investment Management Corp of Ontario boosted its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 28.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 648,123 shares of the gold and copper producer’s stock after acquiring an additional 144,942 shares during the period. Investment Management Corp of Ontario’s holdings in Barrick Mining were worth $28,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its position in Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after buying an additional 218 shares during the period. Parvin Asset Management LLC increased its position in Barrick Mining by 0.7% during the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after buying an additional 225 shares during the period. Mmbg Investment Advisors CO. increased its position in Barrick Mining by 0.6% during the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after buying an additional 254 shares during the period. S.A. Mason LLC increased its position in Barrick Mining by 1.3% during the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after buying an additional 300 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Barrick Mining by 1.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock worth $1,359,000 after buying an additional 302 shares during the period. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

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

Barrick Mining Stock Down 3.4%

Shares of NYSE B opened at $41.30 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. Barrick Mining Corporation has a 52 week low of $20.35 and a 52 week high of $54.69. The stock has a market capitalization of $68.70 billion, a P/E ratio of 11.41, a PEG ratio of 1.22 and a beta of 0.44. The stock’s fifty day moving average is $41.55 and its 200 day moving average is $43.91.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. The business had revenue of $4.11 billion for 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%.The firm’s revenue for the quarter was up 66.7% compared to the same quarter last year. Sell-side analysts forecast that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s payout ratio is 19.34%.

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.