350,000 Shares in Barrick Mining Corporation $B Bought by Riposte Capital LLC

Riposte Capital LLC purchased a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 350,000 shares of the gold and copper producer’s stock, valued at approximately $14,276,000. Barrick Mining comprises 3.6% of Riposte Capital LLC’s holdings, making the stock its 4th biggest holding.

Several other institutional investors have also added to or reduced their stakes in B. FIL Ltd increased its holdings in shares of Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock valued at $1,311,169,000 after acquiring an additional 13,853,587 shares in the last quarter. Van ECK Associates Corp boosted its stake in Barrick Mining by 22.8% in the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after purchasing an additional 10,287,544 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Barrick Mining during the 2nd quarter worth approximately $211,263,000. Canada Pension Plan Investment Board acquired a new position in Barrick Mining during the 2nd quarter valued at approximately $172,230,000. Finally, Mackenzie Financial Corp increased its stake in Barrick Mining by 61.9% during the 4th quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock valued at $909,104,000 after purchasing an additional 7,870,411 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Trading Down 1.6%

NYSE B opened at $36.78 on Wednesday. Barrick Mining Corporation has a 1 year low of $20.94 and a 1 year high of $54.69. 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 market capitalization of $61.18 billion, a PE ratio of 10.16, a P/E/G ratio of 0.79 and a beta of 0.48. The company has a fifty day moving average of $38.74 and a 200 day moving average of $42.59.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $4.11 billion for 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%.Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. Research analysts forecast that Barrick Mining Corporation will post 3.57 earnings per share for the current year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is currently 19.34%.

Wall Street Analyst Weigh In

Several research firms have recently commented on B. JPMorgan Chase & Co. lowered their price objective on shares of Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. UBS Group lowered their price target on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Royal Bank Of Canada dropped their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.46.

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.