Barrick Mining Corporation $B Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC trimmed its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 24.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,226 shares of the gold and copper producer’s stock after selling 42,854 shares during the quarter. Regal Investment Advisors LLC’s holdings in Barrick Mining were worth $4,268,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its stake in Barrick Mining by 19.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock worth $74,000 after purchasing an additional 373 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Barrick Mining by 4.7% in the third quarter. Brown Brothers Harriman & Co. now owns 8,770 shares of the gold and copper producer’s stock valued at $287,000 after purchasing an additional 391 shares during the period. Legend Financial Advisors Inc. grew its holdings in shares of Barrick Mining by 0.9% in the third quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock valued at $1,479,000 after purchasing an additional 399 shares in the last quarter. Banque Transatlantique SA increased its stake in Barrick Mining by 4.2% during the 3rd quarter. Banque Transatlantique SA now owns 9,950 shares of the gold and copper producer’s stock worth $326,000 after buying an additional 400 shares during the period. Finally, Ascent Group LLC lifted its holdings in Barrick Mining by 2.9% during the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock worth $476,000 after buying an additional 404 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Price Performance

Shares of B opened at $42.31 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The stock has a market cap of $70.88 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.39 and a beta of 0.41. The firm has a fifty day moving average price of $47.96 and a 200 day moving average price of $39.94.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. The business’s revenue was up 44.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on B. Scotiabank raised their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research report on Sunday, December 7th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Raymond James Financial boosted their target price on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Finally, Zacks Research downgraded Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.

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.