Barrick Mining (NYSE:B) Shares Down 1.3% – Should You Sell?

Barrick Mining Corporation (NYSE:BGet Free Report) (TSE:ABX)’s share price dropped 1.3% on Thursday . The stock traded as low as $39.75 and last traded at $41.6710. Approximately 12,367,050 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 16,048,955 shares. The stock had previously closed at $42.20.

Key Stories Impacting Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

Analyst Upgrades and Downgrades

B has been the topic of a number of research reports. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. BNP Paribas Exane upgraded Barrick Mining to a “neutral” rating and set a $50.00 target price for the company in a report on Friday, December 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a research report on Wednesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a research note on Sunday, December 7th. Finally, Scotiabank increased their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

Read Our Latest Analysis on B

Barrick Mining Stock Down 1.3%

The firm has a market cap of $69.81 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.35 and a beta of 0.51. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $45.62 and a two-hundred day moving average price of $41.09.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last released its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 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 firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining’s revenue was up 44.6% compared to the same quarter last year. On average, equities research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.42 per share. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining’s dividend payout ratio is presently 57.34%.

Institutional Trading of Barrick Mining

Hedge funds have recently added to or reduced their stakes in the company. Financial Consulate Inc. increased its position in shares of 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 valued at $25,000 after purchasing an additional 521 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in shares of Barrick Mining during the 4th quarter worth $25,000. Arlington Trust Co LLC acquired a new position in shares of Barrick Mining during the third quarter worth $26,000. Intesa Sanpaolo Wealth Management purchased a new position in Barrick Mining in the fourth quarter valued at $26,000. Finally, JPL Wealth Management LLC acquired a new stake in Barrick Mining in the third quarter valued at $28,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Company Profile

(Get Free Report)

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.

Further Reading

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