E Fund Management Hong Kong Co. Ltd. Invests $4.57 Million in Barrick Mining Corporation $B

E Fund Management Hong Kong Co. Ltd. acquired a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 104,821 shares of the gold and copper producer’s stock, valued at approximately $4,565,000. Barrick Mining accounts for 1.9% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors have also made changes to their positions in B. CW Advisors LLC bought a new position in shares of Barrick Mining in the second quarter worth about $283,000. EverSource Wealth Advisors LLC bought a new position in shares of Barrick Mining in the second quarter worth about $53,000. First Trust Advisors LP bought a new position in shares of Barrick Mining in the second quarter worth about $857,000. Baird Financial Group Inc. bought a new position in shares of Barrick Mining in the second quarter worth about $2,569,000. Finally, Cresset Asset Management LLC bought a new position in shares of Barrick Mining in the second quarter worth about $543,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Down 2.1%

NYSE B opened at $44.88 on Thursday. The company has a current ratio of 3.06, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $41.95 and its two-hundred day moving average is $42.92. The company has a market capitalization of $75.19 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.36 and a beta of 0.41. Barrick Mining Corporation has a 1-year low of $17.41 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released 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 company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm’s revenue was up 66.7% compared to the same quarter last year. Equities analysts forecast that Barrick Mining Corporation will post 3.57 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s payout ratio is presently 46.41%.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: Barrick topped Q1 expectations with stronger-than-expected gold production, higher cash flow, and earnings above estimates, reinforcing confidence in its operating execution. Barrick Mining’s Q1 Earnings and Sales Beat on Higher Gold Prices
• Positive Sentiment: The company announced a $3 billion share buyback program and maintained its dividend, signaling confidence in future cash generation and boosting shareholder-return appeal. Barrick bursts to two-month high after Q1 beat, $3B stock buyback plan
• Positive Sentiment: Analysts and commentators highlighted Barrick’s stronger free cash flow, higher realized gold prices, and improved profitability, with some calling it one of the better Canadian gold stocks right now. Here is Why Barrick Mining (B) is One of the Best Canadian Gold Stocks
• Neutral Sentiment: Investor attention is also building around Barrick’s planned North American spin-off, especially its Nevada gold assets, which could unlock value over time but is still in the planning stage. Barrick’s North American spin-off draws attention to Nevada gold treasure
• Neutral Sentiment: Some valuation-focused coverage suggests the stock has had a very strong run and may be less cheap than it was previously, which could temper upside expectations. Has Barrick Mining (B) Risen Too Far After 158% One Year Share Price Surge?

Wall Street Analyst Weigh In

B has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Scotiabank lifted their price objective on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. UBS Group lifted their price objective on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce lowered their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Finally, Citigroup boosted their price target on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.50.

About Barrick Mining

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.