Barrick Mining Corporation $B Stock Holdings Lessened by Capital International Inc. CA

Capital International Inc. CA lowered its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 28.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,999,403 shares of the gold and copper producer’s stock after selling 1,587,785 shares during the period. Barrick Mining accounts for approximately 1.4% of Capital International Inc. CA’s holdings, making the stock its 13th biggest position. Capital International Inc. CA’s holdings in Barrick Mining were worth $174,210,000 at the end of the most recent reporting period.

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

Barrick Mining Stock Down 7.9%

Shares of B opened at $39.42 on Friday. The company has a 50-day simple moving average of $41.56 and a 200-day simple moving average of $43.78. The firm has a market capitalization of $66.06 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.12 and a beta of 0.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. Barrick Mining Corporation has a 52 week low of $19.57 and a 52 week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company’s revenue for the quarter was up 66.7% compared to the same quarter last year. On average, equities research analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The business also recently declared 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 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio is 19.34%.

Wall Street Analyst Weigh In

Several analysts have issued reports on B shares. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Canadian Imperial Bank of Commerce lowered their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. UBS Group boosted their price target on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Canaccord Genuity Group lowered their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and a consensus 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.