Barrick Mining (NYSE:B) Shares Down 2% – Time to Sell?

Barrick Mining Corporation (NYSE:B) (TSE:ABX) dropped 2% during trading on Wednesday . The company traded as low as $38.11 and last traded at $38.3740. Approximately 16,502,565 shares traded hands during trading, an increase of 12% from the average daily volume of 14,761,354 shares. The stock had previously closed at $39.17.

Analyst Upgrades and Downgrades

B has been the topic of a number of analyst reports. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. began coverage on Barrick Mining in a research note on Thursday, January 29th. They set an “overweight” rating and a $68.00 target price for the company. Scotiabank increased their target price on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. UBS Group decreased their target price on Barrick Mining from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

Barrick Mining Price Performance

The stock has a 50-day simple moving average of $42.85 and a 200 day simple moving average of $42.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The company has a market cap of $64.99 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.44 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.15 billion. The company’s quarterly revenue was up 44.6% compared to the same quarter last year. On average, equities analysts expect that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.42 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is 57.34%.

Institutional Trading of Barrick Mining

A number of hedge funds have recently modified their holdings of the company. Bogart Wealth LLC boosted its stake in Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares during the last quarter. Parvin Asset Management LLC boosted its stake in Barrick Mining by 0.7% during the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after purchasing an additional 225 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in Barrick Mining by 2.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after purchasing an additional 246 shares during the last quarter. Mmbg Investment Advisors CO. boosted its stake in Barrick Mining by 0.6% during the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after purchasing an additional 254 shares during the last quarter. Finally, S.A. Mason LLC boosted its stake in Barrick Mining by 1.3% during the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

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.