Jaffetilchin Investment Partners LLC Has $242,000 Stake in Barrick Mining Corporation $B

Jaffetilchin Investment Partners LLC trimmed its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 76.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,548 shares of the gold and copper producer’s stock after selling 18,245 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Barrick Mining were worth $242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of B. Arlington Trust Co LLC bought a new position in shares of Barrick Mining during the third quarter worth about $26,000. JPL Wealth Management LLC bought a new stake in Barrick Mining in the 3rd quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new stake in Barrick Mining in the 3rd quarter valued at approximately $31,000. Provenance Wealth Advisors LLC acquired a new position in Barrick Mining during the 3rd quarter worth approximately $32,000. Finally, Investors Research Corp acquired a new position in Barrick Mining during the 3rd quarter worth approximately $36,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

B has been the topic of a number of recent research reports. ATB Cormark Capital Markets upgraded shares of Barrick Mining to a “moderate buy” rating in a report on Monday, February 9th. UBS Group reduced their target price on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 27th. Scotiabank raised their target price on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, 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 research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Barrick Mining presently has an average rating of “Moderate Buy” and an average price target of $54.83.

Barrick Mining Stock Up 3.5%

NYSE:B opened at $42.21 on Thursday. Barrick Mining Corporation has a twelve month low of $17.00 and a twelve month high of $54.69. The firm has a market capitalization of $70.72 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.51. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $45.62 and its two-hundred day moving average price is $41.09.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 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 company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. The business’s revenue was up 44.6% on a year-over-year basis. Equities research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a $0.42 dividend. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, February 27th. Barrick Mining’s dividend payout ratio is 57.34%.

Barrick Mining 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.