Sivia Capital Partners LLC Takes $594,000 Position in Barrick Mining Corporation $B

Sivia Capital Partners LLC bought a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,646 shares of the gold and copper producer’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds also recently made changes to their positions in B. Financial Consulate Inc. grew its position in shares of Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after purchasing an additional 521 shares during the last quarter. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining in the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC acquired a new position in shares of Barrick Mining in the third quarter valued at approximately $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of Barrick Mining in the fourth quarter valued at approximately $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Barrick Mining in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on B shares. UBS Group upped their target price on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce cut their price target on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. Barclays initiated coverage on Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target for the company. Citigroup boosted their price target on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Canaccord Genuity Group cut their price target on Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and an average price target of $53.46.

Barrick Mining Stock Down 7.9%

NYSE B opened at $39.42 on Friday. The business has a fifty day moving average price of $41.56 and a two-hundred day moving average price of $43.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. Barrick Mining Corporation has a fifty-two week low of $19.57 and a fifty-two week high of $54.69. The stock has a market capitalization of $66.06 billion, a PE ratio of 10.89, a PEG ratio of 1.22 and a beta of 0.44.

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, 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 firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining’s revenue was up 66.7% compared to the same quarter last year. Equities analysts expect that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. The ex-dividend date is Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.8%. Barrick Mining’s dividend 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.