Jaffetilchin Investment Partners LLC Sells 18,245 Shares of Barrick Mining Corporation $B

Jaffetilchin Investment Partners LLC cut its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 76.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,548 shares of the gold and copper producer’s stock after selling 18,245 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Barrick Mining were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Philadelphia Trust Co. acquired a new stake in Barrick Mining during the 2nd quarter worth $1,412,000. CIBC Asset Management Inc lifted its stake in shares of Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock valued at $601,115,000 after purchasing an additional 13,891,886 shares during the period. Quadrature Capital Ltd boosted its position in shares of Barrick Mining by 113.2% in the 3rd quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock worth $130,764,000 after purchasing an additional 2,115,800 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in shares of Barrick Mining during the third quarter worth $1,889,000. Finally, Truist Financial Corp increased its holdings in Barrick Mining by 46.5% in the third quarter. Truist Financial Corp now owns 65,112 shares of the gold and copper producer’s stock valued at $2,134,000 after purchasing an additional 20,655 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on B. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Friday, March 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price target on shares of Barrick Mining in a research report on Sunday, December 7th. JPMorgan Chase & Co. initiated coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a research note on Wednesday, February 4th. Finally, DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Barrick Mining presently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

Barrick Mining Trading Up 3.5%

NYSE:B opened at $42.21 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The business’s 50-day simple moving average is $45.62 and its 200-day simple moving average is $41.09. Barrick Mining Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $54.69. The stock has a market capitalization of $70.72 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.51.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.Barrick Mining’s revenue was up 44.6% on a year-over-year basis. Sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal 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 positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining’s payout ratio is currently 57.34%.

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.