K.J. Harrison & Partners Inc Has $927,000 Stock Holdings in Barrick Mining Corporation $B

K.J. Harrison & Partners Inc raised its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 291.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 22,730 shares of the gold and copper producer’s stock after acquiring an additional 16,930 shares during the period. K.J. Harrison & Partners Inc’s holdings in Barrick Mining were worth $927,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of B. Revisor Wealth Management LLC grew its stake in shares of Barrick Mining by 56.4% during the 1st quarter. Revisor Wealth Management LLC now owns 12,269 shares of the gold and copper producer’s stock worth $500,000 after acquiring an additional 4,426 shares in the last quarter. Beacon Financial Advisory LLC bought a new stake in shares of Barrick Mining in the first quarter worth $208,000. QRG Capital Management Inc. lifted its position in shares of Barrick Mining by 37.0% in the first quarter. QRG Capital Management Inc. now owns 15,204 shares of the gold and copper producer’s stock worth $620,000 after purchasing an additional 4,107 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Barrick Mining by 19.8% during the first quarter. HB Wealth Management LLC now owns 9,077 shares of the gold and copper producer’s stock worth $370,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in Barrick Mining by 91.3% during the first quarter. Moran Wealth Management LLC now owns 267,263 shares of the gold and copper producer’s stock worth $10,889,000 after purchasing an additional 127,542 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Ratings Changes

B has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays started 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 objective for the company. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce lowered their target price on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. One equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.15.

Barrick Mining Price Performance

NYSE:B opened at $38.22 on Friday. The stock has a market capitalization of $63.57 billion, a PE ratio of 10.56, a P/E/G ratio of 1.09 and a beta of 0.48. Barrick Mining Corporation has a 1-year low of $20.52 and a 1-year high of $54.69. The firm has a fifty day simple moving average of $40.47 and a 200 day simple moving average of $43.60. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13.

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, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining’s revenue for the quarter was up 66.7% compared to the same quarter last year. On average, research analysts expect that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

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

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.