Sagil Capital LLP Sells 320,000 Shares of Barrick Mining Corporation $B

Sagil Capital LLP decreased its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 40.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,000 shares of the gold and copper producer’s stock after selling 320,000 shares during the period. Barrick Mining comprises 4.8% of Sagil Capital LLP’s investment portfolio, making the stock its 2nd biggest position. Sagil Capital LLP’s holdings in Barrick Mining were worth $20,904,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in Barrick Mining during the 4th quarter worth about $25,000. Financial Consulate Inc. lifted its stake in 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 acquiring an additional 521 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Barrick Mining during the 4th quarter worth about $30,000. Nisa Investment Advisors LLC acquired a new position in Barrick Mining during the 4th quarter worth about $35,000. Finally, Lodestone Wealth Management LLC acquired a new position in Barrick Mining during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Price Performance

B stock opened at $39.14 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The firm has a market capitalization of $65.11 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.06 and a beta of 0.44. The business’s 50-day moving average is $41.55 and its two-hundred day moving average is $43.87. Barrick Mining Corporation has a 1 year low of $20.35 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly 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 return on equity of 14.81% and a net margin of 32.14%.The company’s quarterly revenue was up 66.7% compared to the same quarter last year. Analysts anticipate that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is 19.34%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on B. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. UBS Group increased their price target on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce reduced their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report 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, the company 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.