PKO Investment Management Joint Stock Co Acquires 103,381 Shares of Barrick Mining Corporation $B

PKO Investment Management Joint Stock Co lifted its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 19.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 638,302 shares of the gold and copper producer’s stock after acquiring an additional 103,381 shares during the period. Barrick Mining accounts for approximately 2.2% of PKO Investment Management Joint Stock Co’s investment portfolio, making the stock its 10th biggest holding. PKO Investment Management Joint Stock Co’s holdings in Barrick Mining were worth $26,030,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CW Advisors LLC acquired a new position in Barrick Mining in the second quarter valued at approximately $283,000. EverSource Wealth Advisors LLC acquired a new stake in Barrick Mining during the second quarter worth approximately $53,000. First Trust Advisors LP purchased a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $857,000. Baird Financial Group Inc. acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $543,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Down 0.5%

Shares of NYSE:B opened at $40.16 on Tuesday. The stock has a market cap of $66.80 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.15 and a beta of 0.43. The firm has a fifty day moving average price of $41.43 and a 200 day moving average price of $43.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. Barrick Mining Corporation has a 1-year low of $20.35 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining’s quarterly revenue was up 66.7% on a year-over-year basis. Sell-side analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend 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 (DPR) is currently 19.34%.

Wall Street Analyst Weigh In

B has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price on the stock. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, UBS Group upped their target price on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.46.

Barrick Mining Company 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.