WINTON GROUP Ltd Reduces Stock Position in Barrick Mining Corporation $B

WINTON GROUP Ltd lowered its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 331,353 shares of the gold and copper producer’s stock after selling 57,378 shares during the period. WINTON GROUP Ltd’s holdings in Barrick Mining were worth $14,430,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new stake in shares of Barrick Mining during the fourth quarter worth $25,000. Financial Consulate Inc. lifted its position in shares of Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after acquiring an additional 521 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Barrick Mining during the fourth quarter worth $30,000. Nisa Investment Advisors LLC purchased a new stake in shares of Barrick Mining during the fourth quarter worth $35,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Barrick Mining during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

B has been the topic of several recent research reports. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Barclays assumed coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target on the stock. Canaccord Genuity Group decreased their price target on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. UBS Group upped their price target on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.46.

Barrick Mining Stock Down 7.9%

B opened at $39.42 on Friday. The stock has a market cap of $66.06 billion, a PE ratio of 10.89, a P/E/G ratio of 1.22 and a beta of 0.44. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 52 week low of $19.57 and a 52 week high of $54.69. The business’s fifty day simple moving average is $41.56 and its 200 day simple moving average is $43.78.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results 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. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business’s quarterly revenue was up 66.7% on a year-over-year basis. As a group, research analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 19.34%.

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.