Barrick Mining Corporation $B Stock Holdings Reduced by Skylands Capital LLC

Skylands Capital LLC lowered its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 12.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 271,325 shares of the gold and copper producer’s stock after selling 37,850 shares during the quarter. Barrick Mining makes up approximately 1.6% of Skylands Capital LLC’s holdings, making the stock its 14th largest holding. Skylands Capital LLC’s holdings in Barrick Mining were worth $11,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Consulate Inc. grew its stake in Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after purchasing an additional 521 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in shares of Barrick Mining in the fourth quarter worth about $25,000. Arlington Trust Co LLC acquired a new stake in shares of Barrick Mining in the third quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Barrick Mining in the third quarter worth about $28,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of Barrick Mining in the third quarter worth about $31,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

NYSE B opened at $40.67 on Tuesday. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The stock has a market capitalization of $68.15 billion, a PE ratio of 13.88, a P/E/G ratio of 1.51 and a beta of 0.50. The stock has a 50-day simple moving average of $43.39 and a 200 day simple moving average of $42.30.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. Research analysts anticipate that Barrick Mining Corporation will post 3.55 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s payout ratio is presently 57.34%.

Analyst Upgrades and Downgrades

B has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on Barrick Mining in a research report on Thursday, January 29th. They issued an “overweight” rating and a $68.00 price target for the company. Canadian Imperial Bank of Commerce reduced their price target on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Citigroup boosted their price target on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Scotiabank boosted their price target on Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. One equities research 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.17.

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.