Westerkirk Capital Inc. Cuts Stake in Barrick Mining Corporation $B

Westerkirk Capital Inc. reduced its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 67.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,530 shares of the gold and copper producer’s stock after selling 53,400 shares during the quarter. Westerkirk Capital Inc.’s holdings in Barrick Mining were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd grew its holdings in Barrick Mining by 113.2% during the 3rd quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock valued at $130,764,000 after buying an additional 2,115,800 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Barrick Mining during the 3rd quarter valued at approximately $1,889,000. WINTON GROUP Ltd purchased a new stake in Barrick Mining during the 3rd quarter valued at approximately $12,739,000. Picton Mahoney Asset Management grew its holdings in Barrick Mining by 1,673.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock valued at $51,797,000 after buying an additional 1,488,438 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Barrick Mining during the 3rd quarter valued at approximately $111,426,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

B has been the subject of a number of research reports. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Canadian Imperial Bank of Commerce lowered their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price for the company. Canaccord Genuity Group lowered their target price on Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One equities research 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. Based on data from MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Stock Up 0.1%

NYSE B opened at $39.51 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The company has a market capitalization of $66.20 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.12 and a beta of 0.43. Barrick Mining Corporation has a one year low of $19.80 and a one year high of $54.69. The stock has a 50 day moving average price of $41.60 and a 200-day moving average price of $43.84.

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

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.175 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.8%. Barrick Mining’s dividend payout ratio (DPR) is currently 19.34%.

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.