Barrick Mining Corporation $B Shares Purchased by Spark Investment Management LLC

Spark Investment Management LLC grew its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 31.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 50,000 shares of the gold and copper producer’s stock after buying an additional 12,000 shares during the quarter. Barrick Mining makes up approximately 3.6% of Spark Investment Management LLC’s portfolio, making the stock its 7th largest holding. Spark Investment Management LLC’s holdings in Barrick Mining were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in B. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining during the 4th quarter valued at about $26,000. Ascentis Independent Advisors acquired a new stake in Barrick Mining in the 1st quarter worth approximately $28,000. JPL Wealth Management LLC bought a new stake in Barrick Mining during the third quarter worth approximately $28,000. Motiv8 Investments LLC bought a new stake in Barrick Mining during the fourth quarter worth approximately $31,000. Finally, Key Financial Inc grew its holdings in Barrick Mining by 137.5% during the first quarter. Key Financial Inc now owns 753 shares of the gold and copper producer’s stock valued at $31,000 after purchasing an additional 436 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the subject of a number of analyst reports. Wall Street Zen cut shares of Barrick Mining from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Barrick Mining from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Royal Bank Of Canada cut their target price on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Bank of America decreased their price target on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Scotiabank lowered their price target on Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $52.36.

Barrick Mining Stock Performance

Shares of Barrick Mining stock traded down $0.63 during midday trading on Tuesday, hitting $44.12. The company had a trading volume of 5,310,977 shares, compared to its average volume of 12,998,742. The business’s 50 day simple moving average is $40.44 and its two-hundred day simple moving average is $41.44. The stock has a market cap of $72.62 billion, a PE ratio of 11.37, a P/E/G ratio of 1.28 and a beta of 0.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. Barrick Mining Corporation has a 1-year low of $28.38 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 43.8% on a year-over-year basis. As a group, equities analysts predict that Barrick Mining Corporation will post 3.56 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.175 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.6%. Barrick Mining’s dividend payout ratio (DPR) is currently 18.04%.

Barrick Mining Company 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.