Janus Henderson Group PLC Has $15.98 Million Stock Position in Barrick Mining Corporation $B

Janus Henderson Group PLC lowered its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 10.8% during the first quarter, HoldingsChannel reports. The firm owned 391,804 shares of the gold and copper producer’s stock after selling 47,378 shares during the quarter. Janus Henderson Group PLC’s holdings in Barrick Mining were worth $15,983,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in B. Financial Consulate Inc. raised its position in Barrick Mining by 1,042.0% during 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 in the 4th quarter valued at about $25,000. Intesa Sanpaolo Wealth Management bought a new position in shares of Barrick Mining in the 4th quarter valued at about $26,000. Ascentis Independent Advisors acquired a new position in shares of Barrick Mining during the 1st quarter worth about $28,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Barrick Mining during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on B. Wall Street Zen cut Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Citigroup reissued a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. Royal Bank Of Canada dropped their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, UBS Group reduced their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.46.

Barrick Mining Stock Up 1.7%

NYSE B opened at $37.35 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company has a market cap of $61.47 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.78 and a beta of 0.48. The company has a 50 day moving average of $38.43 and a 200-day moving average of $42.27. Barrick Mining Corporation has a 1-year low of $21.60 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 32.14% and a return on equity of 14.81%. The firm’s revenue was up 66.7% compared to the same quarter last year. On average, equities research analysts expect that Barrick Mining Corporation will post 3.57 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. Stockholders 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 dividend yield of 1.9%. Barrick Mining’s dividend 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.