OMERS ADMINISTRATION Corp Has $2.97 Million Stock Holdings in Barrick Mining Corporation $B

OMERS ADMINISTRATION Corp boosted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 48.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,948 shares of the gold and copper producer’s stock after purchasing an additional 23,912 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Barrick Mining were worth $2,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Consulate Inc. lifted its stake in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after buying an additional 521 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Barrick Mining during the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Barrick Mining in the 4th quarter valued at about $26,000. Ascentis Independent Advisors acquired a new position in Barrick Mining in the 1st quarter valued at about $28,000. Finally, JPL Wealth Management LLC bought a new position in Barrick Mining in the 3rd quarter valued at about $28,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Stock Performance

NYSE B opened at $36.78 on Wednesday. The company has a market capitalization of $61.18 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.79 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 twelve month low of $20.94 and a twelve month high of $54.69. The stock has a fifty day simple moving average of $38.74 and a 200 day simple moving average of $42.59.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The business’s quarterly revenue was up 66.7% compared to the same quarter last year. Sell-side analysts expect that Barrick Mining Corporation will post 3.57 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. Barrick Mining’s payout ratio is 19.34%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on B. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Royal Bank Of Canada dropped their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank reduced their price target on Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. UBS Group decreased their price objective on Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.

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.