Hillsdale Investment Management Inc. Has $50.86 Million Stock Position in Barrick Mining Corporation $B

Hillsdale Investment Management Inc. lifted its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,165,501 shares of the gold and copper producer’s stock after buying an additional 78,750 shares during the quarter. Barrick Mining comprises approximately 1.4% of Hillsdale Investment Management Inc.’s holdings, making the stock its 10th biggest position. Hillsdale Investment Management Inc.’s holdings in Barrick Mining were worth $50,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in B. Financial Consulate Inc. grew its stake 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 valued at $25,000 after buying an additional 521 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Barrick Mining in the fourth quarter valued at $25,000. JPL Wealth Management LLC bought a new position in shares of Barrick Mining in the third quarter valued at $28,000. Laurel Wealth Advisors LLC bought a new position in Barrick Mining during the fourth quarter worth $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Barrick Mining during the third quarter worth $31,000. 90.82% of the stock is owned by institutional investors.

Barrick Mining Trading Up 2.2%

B stock opened at $42.63 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The company has a fifty day moving average price of $41.17 and a two-hundred day moving average price of $43.58. Barrick Mining Corporation has a one year low of $18.83 and a one year high of $54.69. The stock has a market cap of $71.42 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its 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. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The business’s quarterly revenue was up 66.7% compared to the same quarter last year. Equities analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.6%. Barrick Mining’s dividend payout ratio (DPR) is currently 46.41%.

Analysts Set New Price Targets

B has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. 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. 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. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, UBS Group lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.46.

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.