Mizuho Markets Cayman LP Decreases Holdings in Barrick Mining Corporation $B

Mizuho Markets Cayman LP cut its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 81.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,894 shares of the gold and copper producer’s stock after selling 60,140 shares during the quarter. Mizuho Markets Cayman LP’s holdings in Barrick Mining were worth $605,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd raised its stake in shares of Barrick Mining by 113.2% during the third quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock worth $130,764,000 after acquiring an additional 2,115,800 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Barrick Mining by 316.0% during the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after acquiring an additional 13,891,886 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Barrick Mining during the third quarter worth approximately $1,889,000. Picton Mahoney Asset Management raised its stake in shares of Barrick Mining by 1,673.9% during the third quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock worth $51,797,000 after acquiring an additional 1,488,438 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Barrick Mining during the third quarter worth approximately $12,739,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Stock Down 1.5%

Shares of NYSE B opened at $40.64 on Friday. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 52 week low of $18.58 and a 52 week high of $54.69. The firm’s fifty day moving average is $41.26 and its 200 day moving average is $43.27. The company has a market cap of $68.10 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.12 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s revenue was up 66.7% on a year-over-year basis. On average, equities research analysts expect that Barrick Mining Corporation will post 3.7 earnings per share for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s payout ratio is presently 46.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on B shares. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Citigroup lifted their target price on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canadian Imperial Bank of Commerce decreased their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Finally, UBS Group lifted their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining 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.