Barrick Mining Corporation $B Shares Sold by Evergreen Quality Fund GP Ltd.

Evergreen Quality Fund GP Ltd. reduced its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,609,323 shares of the gold and copper producer’s stock after selling 518,377 shares during the period. Barrick Mining comprises approximately 4.0% of Evergreen Quality Fund GP Ltd.’s holdings, making the stock its 7th biggest position. Evergreen Quality Fund GP Ltd. owned 0.28% of Barrick Mining worth $200,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Financial Consulate Inc. grew its stake in Barrick Mining by 1,042.0% in the fourth 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. bought a new position in Barrick Mining during the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining in the 4th quarter worth approximately $26,000. JPL Wealth Management LLC bought a new stake in shares of Barrick Mining in the 3rd quarter valued at approximately $28,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Stock Down 3.4%

Shares of B stock opened at $41.30 on Thursday. Barrick Mining Corporation has a 1 year low of $20.35 and a 1 year high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The business’s fifty day moving average is $41.55 and its 200-day moving average is $43.91. The stock has a market cap of $68.70 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.44.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.75 billion. The business’s revenue for the quarter was up 66.7% on a year-over-year basis. Equities analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced 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 1.7%. Barrick Mining’s dividend payout ratio is currently 19.34%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Canaccord Genuity Group reduced their price objective on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. UBS Group lifted their price target on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.