Barrick Mining Corporation $B Stock Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,212,272 shares of the gold and copper producer’s stock after selling 106,549 shares during the period. Mondrian Investment Partners LTD’s holdings in Barrick Mining were worth $49,303,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of B. Renaissance Technologies LLC lifted its stake in shares of Barrick Mining by 335.8% in the 1st quarter. Renaissance Technologies LLC now owns 5,476,478 shares of the gold and copper producer’s stock valued at $223,386,000 after acquiring an additional 4,219,700 shares during the last quarter. Royal Bank of Canada boosted its holdings in Barrick Mining by 10.9% during the 1st quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock valued at $1,615,225,000 after acquiring an additional 3,881,841 shares during the period. Bank of New York Mellon Corp purchased a new stake in Barrick Mining during the 2nd quarter valued at about $117,374,000. Ninety One UK Ltd grew its position in Barrick Mining by 13.1% during the 3rd quarter. Ninety One UK Ltd now owns 14,143,606 shares of the gold and copper producer’s stock worth $575,220,000 after acquiring an additional 1,640,224 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Barrick Mining by 46.9% during the 1st quarter. Lazard Asset Management LLC now owns 3,837,842 shares of the gold and copper producer’s stock worth $156,833,000 after acquiring an additional 1,224,980 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Freedom Broker cut Barrick Mining from a “buy” rating to a “hold” rating and decreased their price target for the stock from $54.00 to $46.00 in a research note on Thursday. Royal Bank Of Canada boosted their price objective on Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. UBS Group dropped their price objective on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Sanford C. Bernstein cut their target price on shares of Barrick Mining from $61.00 to $56.50 and set an “outperform” rating on the stock in a report on Wednesday, September 9th. Finally, RBC Dominion Securities set a $53.00 target price on shares of Barrick Mining and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.59.

Key Stories Impacting Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: JPMorgan raised its price target to $55 from $52 and maintained a constructive view of Barrick, implying substantial upside from recent trading levels. JPMorgan raises target for Barrick Mining stock
• Positive Sentiment: RBC Dominion Securities assigned an “outperform” rating and a $53 target, reinforcing the case that Barrick’s valuation does not fully reflect its potential. RBC Dominion Securities rating
• Positive Sentiment: Investors are also watching mine development, production expansion, dividends and share buybacks as possible catalysts for a future revaluation. Barrick Mining catalysts for value revaluation
• Neutral Sentiment: Coverage is assessing whether Barrick’s mine-development pipeline will change its production mix. The impact depends on project execution, timing, capital spending and the profitability of future gold and copper output. Barrick Mining mine development and production mix
• Negative Sentiment: Freedom Broker downgraded Barrick to “hold” and cut its price target to $46 from $54, citing reduced near-term EBITDA expectations, operational risks and valuation concerns. The action contributed to a broader selloff in major gold producers. Freedom Broker downgrades Barrick Mining
• Negative Sentiment: A surge in diesel prices is raising concern about higher mining costs and squeezed margins across the industry, particularly because fuel is a significant variable expense for producers. Diesel price surge putting mining profits to test

Barrick Mining Stock Down 1.4%

Shares of Barrick Mining stock opened at $38.11 on Friday. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $42.74 and its two-hundred day simple moving average is $40.89. The company has a market cap of $62.31 billion, a P/E ratio of 9.82, a PEG ratio of 1.18 and a beta of 0.48. Barrick Mining Corporation has a 12-month low of $30.98 and a 12-month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the business earned $0.47 EPS. The company’s revenue for the quarter was up 43.8% on a year-over-year basis. Research analysts anticipate that Barrick Mining Corporation will post 3.50 EPS for the current year.

Barrick Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.1750 per share. The ex-dividend date was Monday, August 31st. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. Barrick Mining’s payout ratio is currently 18.04%.

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.