Barrick Mining (NYSE:B) Shares Down 5.5% – Should You Sell?

Barrick Mining Corporation (NYSE:BGet Free Report) (TSE:ABX)’s stock price traded down 5.5% on Thursday . The stock traded as low as $36.50 and last traded at $38.2270. 28,191,288 shares changed hands during trading, an increase of 77% from the average session volume of 15,925,338 shares. The stock had previously closed at $40.46.

Barrick Mining News Roundup

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Raymond James Financial raised their price objective on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $71.00 price target on shares of Barrick Mining in a research report on Wednesday, February 4th. Canaccord Genuity Group lowered their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. started coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Get Our Latest Analysis on B

Barrick Mining Stock Performance

The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $47.67 and its 200-day moving average price is $40.36. The company has a market capitalization of $64.04 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.42 and a beta of 0.41.

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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm’s revenue was up 44.6% compared to the same quarter last year. As a group, equities analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a $0.42 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 4.4%. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Institutional Trading of Barrick Mining

Several hedge funds have recently bought and sold shares of B. Financial Consulate Inc. boosted its stake in Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after purchasing an additional 521 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining during the fourth quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new position in shares of Barrick Mining during the third quarter worth approximately $26,000. Intesa Sanpaolo Wealth Management bought a new position in Barrick Mining in the 4th quarter worth approximately $26,000. Finally, JPL Wealth Management LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at approximately $28,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Company Profile

(Get 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.

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