Barrick Mining Corporation $B Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,000 shares of the gold and copper producer’s stock after purchasing an additional 43,757 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Barrick Mining were worth $23,517,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quadrature Capital Ltd raised its position in shares of Barrick Mining by 113.2% in 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 during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Barrick Mining during the 3rd quarter valued at about $1,889,000. WINTON GROUP Ltd purchased a new position in shares of Barrick Mining in the 3rd quarter valued at about $12,739,000. Picton Mahoney Asset Management increased its stake in shares of Barrick Mining by 1,673.9% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock valued at $51,797,000 after purchasing an additional 1,488,438 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in Barrick Mining in the 3rd quarter worth about $111,426,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Stock Down 0.5%

B opened at $40.16 on Tuesday. The company has a market cap of $66.80 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.15 and a beta of 0.43. Barrick Mining Corporation has a twelve month low of $20.35 and a twelve month high of $54.69. The company has a 50-day moving average price of $41.43 and a 200 day moving average price of $43.88. 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 (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining’s revenue was up 66.7% on a year-over-year basis. Sell-side analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s payout ratio is currently 19.34%.

Analyst Ratings Changes

A number of equities analysts have issued reports on B shares. Barclays assumed coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target on the stock. UBS Group boosted their price objective on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce decreased their target price on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Finally, ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.46.

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.