Gamco Investors INC. ET AL Sells 14,331 Shares of Barrick Mining Corporation $B

Gamco Investors INC. ET AL lessened its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,640 shares of the gold and copper producer’s stock after selling 14,331 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Barrick Mining were worth $3,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in B. Financial Consulate Inc. increased its holdings in shares of Barrick Mining by 1,042.0% in the fourth 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. Westside Investment Management Inc. bought a new position in shares of Barrick Mining during the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining in the 4th quarter valued at approximately $26,000. Ascentis Independent Advisors acquired a new position in shares of Barrick Mining in the 1st quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC bought a new stake in Barrick Mining during the 3rd quarter worth approximately $28,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

B has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce dropped their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Barclays lowered their price objective on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Scotiabank cut their price objective on shares of Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.

Barrick Mining Trading Up 0.6%

NYSE B opened at $37.34 on Tuesday. The stock has a market capitalization of $62.10 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.79 and a beta of 0.48. The stock’s 50 day moving average price is $38.79 and its two-hundred day moving average price is $42.66. 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 $20.94 and a 52 week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share 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 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 revenue for the quarter was up 66.7% on a year-over-year basis. As a group, analysts anticipate that Barrick Mining Corporation will post 3.56 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced 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 was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.9%. Barrick Mining’s dividend payout ratio is presently 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.