Barrick Mining Corporation $B Stock Sold by BOS Asset Management LLC

BOS Asset Management LLC reduced its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 71,203 shares of the gold and copper producer’s stock after selling 14,021 shares during the quarter. BOS Asset Management LLC’s holdings in Barrick Mining were worth $2,896,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Groupe la Francaise raised its holdings in shares of Barrick Mining by 3.3% in the second quarter. Groupe la Francaise now owns 943,327 shares of the gold and copper producer’s stock valued at $34,667,000 after acquiring an additional 29,816 shares in the last quarter. NewEdge Advisors LLC increased its position in Barrick Mining by 231.3% during the 2nd quarter. NewEdge Advisors LLC now owns 138,414 shares of the gold and copper producer’s stock valued at $5,084,000 after purchasing an additional 96,636 shares during the period. SG Americas Securities LLC raised its holdings in shares of Barrick Mining by 91.0% in the 1st quarter. SG Americas Securities LLC now owns 1,065,042 shares of the gold and copper producer’s stock valued at $43,443,000 after purchasing an additional 507,386 shares in the last quarter. Summit Securities Group LLC raised its holdings in shares of Barrick Mining by 203.6% in the 1st quarter. Summit Securities Group LLC now owns 101,400 shares of the gold and copper producer’s stock valued at $4,136,000 after purchasing an additional 68,000 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of Barrick Mining in the 1st quarter worth approximately $2,202,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Stock Performance

Shares of Barrick Mining stock traded up $0.95 during midday trading on Friday, hitting $40.94. The company had a trading volume of 4,177,322 shares, compared to its average volume of 12,419,280. The stock has a market cap of $66.93 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.15 and a beta of 0.48. Barrick Mining Corporation has a 12-month low of $30.35 and a 12-month high of $54.69. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $42.79 and a 200 day simple moving average of $40.86.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%.The firm’s revenue was up 43.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. As a group, analysts predict that Barrick Mining Corporation will post 3.48 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 31st. Barrick Mining’s payout ratio is presently 18.04%.

Wall Street Analyst Weigh In

B has been the topic of several research reports. Scotiabank cut their price objective on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce set a $57.00 price target on Barrick Mining in a research report on Wednesday, August 12th. Wall Street Zen downgraded Barrick Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barrick Mining in a research note on Friday, August 7th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.39.

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.