Qsemble Capital Management LP Sells 46,174 Shares of Barrick Mining Corporation $B

Qsemble Capital Management LP lessened its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,115 shares of the gold and copper producer’s stock after selling 46,174 shares during the period. Qsemble Capital Management LP’s holdings in Barrick Mining were worth $3,489,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. CW Advisors LLC bought a new position in Barrick Mining during the second quarter valued at about $283,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Barrick Mining in the second quarter worth about $53,000. First Trust Advisors LP bought a new stake in shares of Barrick Mining during the 2nd quarter worth about $857,000. Baird Financial Group Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $543,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on B. Scotiabank raised their target price on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, January 26th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. JPMorgan Chase & Co. initiated coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price objective on the stock. Citigroup boosted their target price on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Canaccord Genuity Group cut their target price on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Barrick Mining Stock Down 5.9%

Shares of B opened at $40.60 on Friday. The company has a quick ratio of 2.33, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $41.77 and a two-hundred day moving average price of $42.98. The stock has a market cap of $68.02 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 1.19 and a beta of 0.41. Barrick Mining Corporation has a 12 month low of $17.41 and a 12 month 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 the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. The firm’s quarterly revenue was up 66.7% on a year-over-year basis. Equities analysts predict that Barrick Mining Corporation will post 3.67 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is 46.41%.

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.