Barrick Mining Corporation $B Shares Sold by Mizuho Markets Cayman LP

Mizuho Markets Cayman LP lowered its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 90.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 74,034 shares of the gold and copper producer’s stock after selling 722,034 shares during the quarter. Mizuho Markets Cayman LP’s holdings in Barrick Mining were worth $2,426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of B. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Barrick Mining by 19.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock valued at $74,000 after acquiring an additional 373 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Barrick Mining by 4.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,770 shares of the gold and copper producer’s stock valued at $287,000 after purchasing an additional 391 shares in the last quarter. Legend Financial Advisors Inc. increased its holdings in Barrick Mining by 0.9% in the 3rd quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock valued at $1,479,000 after purchasing an additional 399 shares in the last quarter. Banque Transatlantique SA raised its position in Barrick Mining by 4.2% in the third quarter. Banque Transatlantique SA now owns 9,950 shares of the gold and copper producer’s stock valued at $326,000 after purchasing an additional 400 shares during the period. Finally, Ascent Group LLC raised its position in Barrick Mining by 2.9% in the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after purchasing an additional 404 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the subject of several analyst reports. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. started coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target on the stock. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Bank of America raised shares of Barrick Mining from a “neutral” rating to a “buy” rating and increased their price objective for the company from $38.00 to $48.00 in a research report on Monday, November 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research note on Sunday, December 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Stock Down 0.8%

Shares of NYSE B opened at $42.78 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. Barrick Mining Corporation has a 1 year low of $17.00 and a 1 year high of $54.69. The stock’s 50-day simple moving average is $47.81 and its 200-day simple moving average is $40.36. The firm has a market cap of $71.66 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.35 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. As a group, equities analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.9%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 27th. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Barrick Mining Profile

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.