Barrick Mining (NYSE:B) Stock Price Down 4.9% – Should You Sell?

Barrick Mining Corporation (NYSE:B) (TSE:ABX) shares fell 4.9% on Friday . The stock traded as low as $42.08 and last traded at $42.3060. 14,313,717 shares were traded during trading, a decline of 10% from the average session volume of 15,840,269 shares. The stock had previously closed at $44.49.

Analyst Ratings Changes

Several equities analysts recently issued reports on B shares. Raymond James Financial boosted their target price on shares of Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. ATB Cormark Capital Markets raised Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. Zacks Research downgraded Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Barrick Mining in a research note on Sunday, December 7th. Finally, TD Cowen reiterated a “buy” rating on shares of Barrick Mining in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

Barrick Mining Price Performance

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 firm has a market capitalization of $70.88 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.42 and a beta of 0.41. The business’s fifty day simple moving average is $47.99 and its 200 day simple moving average is $39.83.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. On average, research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.42 per share. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.0%. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

Institutional Investors Weigh In On Barrick Mining

A number of hedge funds have recently added to or reduced their stakes in B. Bank of New York Mellon Corp acquired a new position in shares of Barrick Mining during the second quarter worth approximately $33,811,000. Savant Capital LLC bought a new position in shares of Barrick Mining in the 2nd quarter worth $490,000. Vestmark Advisory Solutions Inc. acquired a new stake in Barrick Mining in the 2nd quarter valued at $256,000. Wedbush Securities Inc. acquired a new stake in Barrick Mining in the 2nd quarter valued at $267,000. Finally, Penserra Capital Management LLC bought a new stake in Barrick Mining during the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.