Barrick Mining Corporation $B Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 438,698 shares of the gold and copper producer’s stock after selling 86,008 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Barrick Mining were worth $19,105,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining during the 4th quarter worth $25,000. Financial Consulate Inc. grew its stake in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after purchasing an additional 521 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of Barrick Mining during the 4th quarter worth $30,000. Lodestone Wealth Management LLC acquired a new position in shares of Barrick Mining during the 4th quarter worth $35,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Barrick Mining during the 4th quarter worth $35,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Price Performance

NYSE:B opened at $42.63 on Friday. The firm has a market cap of $71.42 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.41. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average is $41.17 and its two-hundred day moving average is $43.58. Barrick Mining Corporation has a 12-month low of $18.83 and a 12-month high of $54.69.

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

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is presently 46.41%.

Analyst Upgrades and Downgrades

B has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of Barrick Mining in a research note on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target on the stock. Citigroup increased their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. UBS Group increased their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average price target of $53.46.

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.