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

Mondrian Investment Partners LTD lessened its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 71.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 848,733 shares of the gold and copper producer’s stock after selling 2,140,223 shares during the quarter. Mondrian Investment Partners LTD owned approximately 0.05% of Barrick Mining worth $36,962,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd raised its stake in shares of Barrick Mining by 113.2% during the 3rd quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock worth $130,764,000 after buying an additional 2,115,800 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Barrick Mining by 316.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after buying an additional 13,891,886 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Barrick Mining during the 3rd quarter worth $1,889,000. Picton Mahoney Asset Management raised its stake in shares of Barrick Mining by 1,673.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock worth $51,797,000 after buying an additional 1,488,438 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Barrick Mining during the 3rd quarter worth $12,739,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Trading Down 1.5%

Shares of B stock opened at $40.64 on Friday. The firm has a 50-day moving average price of $41.26 and a 200 day moving average price of $43.27. Barrick Mining Corporation has a twelve month low of $18.58 and a twelve month high of $54.69. The company has a market capitalization of $68.10 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.10 and a beta of 0.41. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The company’s revenue was up 66.7% compared to the same quarter last year. Research analysts forecast that Barrick Mining Corporation will post 3.7 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is currently 46.41%.

Analysts Set New Price Targets

Several brokerages recently weighed in on B. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. UBS Group boosted their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Barclays began coverage on shares of Barrick Mining in a research note on Thursday. They issued an “equal weight” rating and a $41.00 target price for the company. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and an average price target of $53.46.

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.