Barrick Mining Corporation $B Stock Position Lessened by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC decreased its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,665,226 shares of the gold and copper producer’s stock after selling 81,150 shares during the period. Barrick Mining comprises 6.5% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Euro Pacific Asset Management LLC’s holdings in Barrick Mining were worth $67,925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FIL Ltd grew its position in Barrick Mining by 85.3% in the 4th quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock valued at $1,311,169,000 after acquiring an additional 13,853,587 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Barrick Mining by 22.8% during the fourth quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after purchasing an additional 10,287,544 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Barrick Mining in the second quarter valued at approximately $211,263,000. Canada Pension Plan Investment Board purchased a new position in shares of Barrick Mining in the second quarter valued at approximately $172,230,000. Finally, Mackenzie Financial Corp grew its holdings in shares of Barrick Mining by 61.9% in the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock valued at $909,104,000 after purchasing an additional 7,870,411 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Stock Up 0.2%

Shares of NYSE:B opened at $34.93 on Friday. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a fifty-two week low of $20.68 and a fifty-two week high of $54.69. The stock has a market cap of $58.10 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.75 and a beta of 0.48. The firm’s 50 day moving average price is $39.63 and its 200 day moving average price is $43.01.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s revenue was up 66.7% compared to the same quarter last year. As a group, equities research analysts predict that Barrick Mining Corporation will post 3.63 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.175 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.0%. Barrick Mining’s dividend payout ratio is presently 19.34%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on B. Barclays cut their target price on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Canadian Imperial Bank of Commerce decreased their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. 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. Scotiabank reduced their price objective on Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Finally, UBS Group decreased their target price on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and an average target price of $53.85.

Barrick Mining Company 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.