Barrick Mining Corporation $B Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 169,991 shares of the gold and copper producer’s stock after selling 29,272 shares during the quarter. Metis Global Partners LLC’s holdings in Barrick Mining were worth $7,405,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in B. CW Advisors LLC acquired a new position in Barrick Mining in the 2nd quarter valued at $283,000. EverSource Wealth Advisors LLC acquired a new position in Barrick Mining in the 2nd quarter valued at $53,000. First Trust Advisors LP acquired a new position in Barrick Mining in the 2nd quarter valued at $857,000. Baird Financial Group Inc. acquired a new position in Barrick Mining in the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in Barrick Mining in the 2nd quarter valued at $543,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Stock Down 5.1%

Shares of B opened at $37.15 on Thursday. Barrick Mining Corporation has a 52-week low of $20.01 and a 52-week high of $54.69. The company has a market capitalization of $61.79 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.44. The stock has a fifty day simple moving average of $41.59 and a two-hundred day simple moving average of $43.86. 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 issued its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) 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 business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining’s revenue for the quarter was up 66.7% compared to the same quarter last year. As a group, equities analysts forecast that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is presently 19.34%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group increased their price objective on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce cut their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. Canaccord Genuity Group cut their target price on Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Barclays initiated coverage on Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price for the company. Finally, ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and an average price target 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.