Barrick Mining Corporation $B Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 71.6% in the fourth quarter, HoldingsChannel reports. The fund owned 848,733 shares of the gold and copper producer’s stock after selling 2,140,223 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Barrick Mining were worth $36,962,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining during the 4th quarter valued at about $25,000. Financial Consulate Inc. increased its position in 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 worth $25,000 after purchasing an additional 521 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Barrick Mining during the 4th quarter worth approximately $30,000. Nisa Investment Advisors LLC acquired a new stake in Barrick Mining during the 4th quarter worth approximately $35,000. Finally, Lodestone Wealth Management LLC acquired a new stake in Barrick Mining during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce dropped their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. assumed coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 target price for the company. Canaccord Genuity Group dropped their target price on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. UBS Group increased their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.46.

Barrick Mining Stock Down 1.5%

NYSE B opened at $40.64 on Friday. The stock has a market cap of $68.10 billion, a PE ratio of 11.23, a P/E/G ratio of 1.10 and a beta of 0.41. Barrick Mining Corporation has a fifty-two week low of $18.58 and a fifty-two week high of $54.69. The business has a 50 day moving average price of $41.26 and a two-hundred day moving average price of $43.27. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13.

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 analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business’s quarterly revenue was up 66.7% on a year-over-year basis. As a group, sell-side analysts predict that Barrick Mining Corporation will post 3.7 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is 46.41%.

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.