Barrick Mining (NYSE:B) Shares Down 4.9% – Should You Sell?

Barrick Mining Corporation (NYSE:B) (TSE:ABX) shares traded down 4.9% during mid-day trading on Friday . The company traded as low as $42.08 and last traded at $42.3060. 14,313,717 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 15,840,269 shares. The stock had previously closed at $44.49.

Analyst Ratings Changes

Several equities analysts have recently commented on B shares. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Scotiabank upped their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, January 26th. TD Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. JPMorgan Chase & Co. started coverage on shares of Barrick Mining in a report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective for the company. Finally, Raymond James Financial boosted their target price on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.25.

Barrick Mining Trading Down 4.9%

The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The company has a market cap of $70.88 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41. The firm has a 50-day moving average price of $47.96 and a 200 day moving average price of $40.03.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. The firm’s quarterly revenue was up 44.6% on a year-over-year basis. As a group, sell-side analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 4.0%. Barrick Mining’s payout ratio is presently 57.34%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Financial Consulate Inc. grew its position in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after buying an additional 521 shares during the last quarter. Westside Investment Management Inc. bought a new position in Barrick Mining in the fourth quarter worth about $25,000. Arlington Trust Co LLC bought a new position in Barrick Mining in the third quarter worth about $26,000. Intesa Sanpaolo Wealth Management acquired a new position in Barrick Mining in the fourth quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC acquired a new position in Barrick Mining in the third quarter valued at approximately $28,000. 90.82% of the stock is currently owned by institutional investors.

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.