Williamson Legacy Group LLC Makes New Investment in Barrick Mining Corporation $B

Williamson Legacy Group LLC purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,199 shares of the gold and copper producer’s stock, valued at approximately $1,315,000.

Other hedge funds have also bought and sold shares of the company. Financial Consulate Inc. lifted its stake in Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after purchasing an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in Barrick Mining in the 4th quarter worth $25,000. JPL Wealth Management LLC purchased a new stake in Barrick Mining in the 3rd quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new stake in Barrick Mining in the 4th quarter worth $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Barrick Mining in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 3.3%

Shares of NYSE B opened at $42.03 on Wednesday. The firm’s 50-day moving average price is $41.18 and its 200-day moving average price is $43.47. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $70.42 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.10 and a beta of 0.41. Barrick Mining Corporation has a 12-month low of $18.58 and a 12-month high of $54.69.

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 (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. On average, equities research analysts anticipate that Barrick Mining Corporation will post 3.7 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

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

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. assumed coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target on the stock. Citigroup boosted their price target on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity Group decreased their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from 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.