Gateway Investment Advisers LLC Sells 19,434 Shares of Barrick Mining Corporation $B

Gateway Investment Advisers LLC cut its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 29.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,402 shares of the gold and copper producer’s stock after selling 19,434 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Barrick Mining were worth $2,021,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in B. CW Advisors LLC bought a new stake in Barrick Mining during the 2nd quarter worth about $283,000. EverSource Wealth Advisors LLC bought a new stake in Barrick Mining during the 2nd quarter worth about $53,000. First Trust Advisors LP bought a new stake in Barrick Mining during the 2nd quarter worth about $857,000. Baird Financial Group Inc. bought a new stake in Barrick Mining during the 2nd quarter worth about $2,569,000. Finally, Cresset Asset Management LLC bought a new stake in Barrick Mining during the 2nd quarter worth about $543,000. 90.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on B shares. 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. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Scotiabank boosted their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. UBS Group lowered their price objective on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.17.

Barrick Mining Stock Up 3.0%

Barrick Mining stock opened at $43.12 on Friday. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $54.69. The firm has a market capitalization of $72.24 billion, a PE ratio of 14.72, a P/E/G ratio of 1.25 and a beta of 0.41. The company’s 50-day moving average is $42.36 and its 200-day moving average is $42.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. The business’s revenue for the quarter was up 44.6% on a year-over-year basis. Sell-side analysts anticipate that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

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.