Barrick Mining Corporation $B Shares Sold by Lafayette Investments Inc.

Lafayette Investments Inc. lessened its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 25.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 245,333 shares of the gold and copper producer’s stock after selling 83,202 shares during the period. Barrick Mining makes up 2.0% of Lafayette Investments Inc.’s holdings, making the stock its 11th largest position. Lafayette Investments Inc.’s holdings in Barrick Mining were worth $10,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors lifted its holdings in shares of Barrick Mining by 35.9% in the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock valued at $3,340,709,000 after buying an additional 26,921,219 shares during the period. Van ECK Associates Corp grew its holdings in Barrick Mining by 22.8% during the fourth quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after acquiring an additional 10,287,544 shares during the period. FIL Ltd raised its position in Barrick Mining by 85.3% in the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock worth $1,311,169,000 after acquiring an additional 13,853,587 shares in the last quarter. Mackenzie Financial Corp raised its position in Barrick Mining by 61.9% in the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock worth $909,104,000 after acquiring an additional 7,870,411 shares in the last quarter. Finally, TD Asset Management Inc raised its position in Barrick Mining by 5.6% in the fourth quarter. TD Asset Management Inc now owns 20,395,667 shares of the gold and copper producer’s stock worth $889,627,000 after acquiring an additional 1,086,332 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

B has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. 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. UBS Group dropped their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday. Canadian Imperial Bank of Commerce cut their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. Finally, Barclays started coverage on shares of Barrick Mining in a report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price for the company. One 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.15.

Barrick Mining Stock Up 0.0%

Shares of Barrick Mining stock opened at $38.22 on Friday. The stock’s fifty day moving average is $40.47 and its 200-day moving average is $43.60. The firm has a market capitalization of $63.57 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.09 and a beta of 0.48. 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 12-month low of $20.52 and a 12-month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating 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 business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining’s quarterly revenue was up 66.7% on a year-over-year basis. Equities analysts anticipate that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

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.