Maj Invest Holding A S Cuts Stock Position in Barrick Mining Corporation $B

Maj Invest Holding A S reduced its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 228,607 shares of the gold and copper producer’s stock after selling 29,666 shares during the period. Barrick Mining comprises approximately 0.3% of Maj Invest Holding A S’s portfolio, making the stock its 20th biggest holding. Maj Invest Holding A S’s holdings in Barrick Mining were worth $7,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arlington Trust Co LLC purchased a new stake in Barrick Mining during the 3rd quarter valued at about $26,000. Investors Research Corp purchased a new position in Barrick Mining during the third quarter valued at $36,000. Vermillion Wealth Management Inc. purchased a new stake in Barrick Mining in the second quarter worth about $25,000. Concord Wealth Partners purchased a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $26,000. Finally, Grove Bank & Trust purchased a new stake in shares of Barrick Mining in the third quarter worth $41,000. 90.82% of the stock is owned by institutional investors.

Barrick Mining Trading Up 0.4%

B stock opened at $51.29 on Tuesday. Barrick Mining Corporation has a fifty-two week low of $15.70 and a fifty-two week high of $53.29. The firm has a market cap of $85.93 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 0.44 and a beta of 0.41. The firm has a fifty day moving average price of $44.27 and a 200 day moving average price of $34.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period in the prior year, the company earned $0.09 EPS. The business’s revenue was up 23.2% compared to the same quarter last year. Sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 1.4%. Barrick Mining’s payout ratio is presently 33.82%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, October 9th. TD Securities increased their target price on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. BNP Paribas Exane raised Barrick Mining to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Friday, December 5th. Finally, Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $48.73.

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.