Barrick Mining Corporation $B Holdings Trimmed by Seaview Investment Managers LLC

Seaview Investment Managers LLC decreased its holdings in shares of Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 51.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 299,242 shares of the gold and copper producer’s stock after selling 318,451 shares during the period. Barrick Mining makes up about 3.6% of Seaview Investment Managers LLC’s holdings, making the stock its 5th biggest position. Seaview Investment Managers LLC’s holdings in Barrick Mining were worth $9,806,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of B. Vanguard Group Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter worth $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Barrick Mining in the 2nd quarter worth $1,091,122,000. First Eagle Investment Management LLC acquired a new position in Barrick Mining during the second quarter valued at approximately $822,056,000. TD Asset Management Inc purchased a new stake in shares of Barrick Mining in the second quarter worth about $386,328,000. Finally, Geode Capital Management LLC acquired a new stake in Barrick Mining in the second quarter valued at approximately $307,855,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Barrick Mining

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

Analyst Ratings Changes

B has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank Of Canada upped their target price on Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 target price for the company in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.58.

Read Our Latest Stock Report on B

Barrick Mining Price Performance

Shares of Barrick Mining stock opened at $46.97 on Wednesday. Barrick Mining Corporation has a twelve month low of $17.00 and a twelve month high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The firm’s 50-day simple moving average is $46.12 and its 200-day simple moving average is $36.28. The firm has a market cap of $78.69 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 0.39 and a beta of 0.40.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. The business’s quarterly revenue was up 44.6% on a year-over-year basis. As a group, research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is 57.34%.

Barrick Mining Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding B? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX).

Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

Receive News & Ratings for Barrick Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Mining and related companies with MarketBeat.com's FREE daily email newsletter.