Semanteon Capital Management LP purchased a new stake in Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,200 shares of the gold and copper producer’s stock, valued at approximately $564,000.
Other large investors have also recently bought and sold shares of the company. Arlington Trust Co LLC bought a new stake in shares of Barrick Mining during the third quarter worth approximately $26,000. Investors Research Corp acquired a new stake in Barrick Mining during the 3rd quarter worth approximately $36,000. Cloud Capital Management LLC bought a new stake in Barrick Mining in the 3rd quarter valued at $40,000. Grove Bank & Trust acquired a new position in Barrick Mining in the 3rd quarter valued at $41,000. Finally, Webster Bank N. A. acquired a new stake in shares of Barrick Mining during the third quarter worth $49,000. 90.82% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
B has been the subject of a number of recent research reports. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Jefferies Financial Group reissued a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a report on Sunday, December 7th. ATB Cormark Capital Markets upgraded shares of Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and a consensus target price of $55.25.
Barrick Mining News Summary
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Major investor support — a large institutional investor publicly backed Barrick, which can help sentiment and provide buying support amid geopolitical scrutiny. Major Investor Backs Barrick Gold
- Positive Sentiment: Mali settlement and Loulo extension — Barrick’s resolution of a Mali dispute and an extension at the Loulo-Gounkoto complex removes a key overhang on West African operations and clarifies near‑term production prospects. That should support medium-term cash flow visibility. What Barrick Mining’s Mali Dispute Settlement Means
- Neutral Sentiment: Peer comparison — recent write-ups comparing Barrick (B) to Kinross (KGC) highlight both firms’ strong projects and rising cash flows; these analyses provide context but don’t change fundamentals on their own. B vs. KGC: Which Gold Mining Stock Is the Better Pick Now?
- Neutral Sentiment: Post-earnings positioning and volatility — market commentary suggests the stock’s pullback is partly profit-taking after a run-up and sensitivity to choppy precious‑metals prices; Barrick’s announced plans (including preparing an IPO of its North American gold assets) add short‑term structural uncertainty. Barrick slides as precious-metals volatility weighs
- Negative Sentiment: Newmont default notice — Newmont has filed a notice of default alleging mismanagement at Nevada Gold Mines, giving Barrick 30 days to remedy under their 2019 JV agreement. That raises governance, legal and operational risk for Barrick’s largest asset and is a material near‑term overhang. Newmont Sends Notice of Default to Barrick
- Negative Sentiment: Rising unit costs — analyst coverage and articles flag higher unit costs that could erode Barrick’s recent profit momentum despite stronger gold prices; this pressure on margins is weighing on near‑term earnings outlooks. Will Barrick Mining’s Higher Costs Dent Its Profit Momentum Ahead?
- Negative Sentiment: Analyst caution — at least one broker has issued a pessimistic forecast for Barrick’s stock, adding downward pressure on sentiment and potentially limiting near‑term upside until clarity on costs, the Nevada dispute and the North American IPO plan arrives. Canaccord Genuity Issues Pessimistic Forecast
Barrick Mining Price Performance
Shares of NYSE:B opened at $47.95 on Friday. Barrick Mining Corporation has a one year low of $17.00 and a one year high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The company has a market cap of $80.33 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.39 and a beta of 0.40. The firm has a 50 day simple moving average of $47.11 and a 200 day simple moving average of $37.63.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. The business’s revenue for the quarter was up 44.6% on a year-over-year basis. Research analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.
Barrick Mining Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s payout ratio is presently 23.89%.
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.
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