50,699 Shares in Barrick Mining Corporation $B Bought by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC acquired a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,699 shares of the gold and copper producer’s stock, valued at approximately $2,068,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new stake in shares of Barrick Mining during the 4th quarter worth $25,000. Financial Consulate Inc. lifted its stake 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 period. Intesa Sanpaolo Wealth Management purchased a new stake in Barrick Mining during the fourth quarter worth about $26,000. Ascentis Independent Advisors purchased a new stake in Barrick Mining during the first quarter worth about $28,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Barrick Mining during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on B shares. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Scotiabank lowered their price target on Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a research note on Wednesday. UBS Group cut their price target on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Bank of America cut their price objective on Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.85.

Barrick Mining Trading Up 0.2%

NYSE:B opened at $34.93 on Friday. The firm has a market capitalization of $58.10 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.75 and a beta of 0.48. 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 12 month low of $20.68 and a 12 month high of $54.69. The business’s 50-day moving average is $39.63 and its two-hundred day moving average is $43.01.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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. The business’s quarterly revenue was up 66.7% on a year-over-year basis. Research analysts predict that Barrick Mining Corporation will post 3.63 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Barrick Mining’s dividend payout ratio (DPR) is currently 19.34%.

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.