Mufg Securities Canada LTD. Has $87.01 Million Position in Barrick Mining Corporation $B

Mufg Securities Canada LTD. reduced its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 4.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,370,106 shares of the gold and copper producer’s stock after selling 114,964 shares during the quarter. Barrick Mining accounts for about 2.3% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 17th biggest holding. Mufg Securities Canada LTD.’s holdings in Barrick Mining were worth $87,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Intesa Sanpaolo Wealth Management acquired a new stake in Barrick Mining during the 4th quarter valued at $26,000. Ascentis Independent Advisors acquired a new stake in Barrick Mining in the first quarter valued at approximately $28,000. JPL Wealth Management LLC acquired a new stake in Barrick Mining during the 3rd quarter worth approximately $28,000. Motiv8 Investments LLC bought a new position in Barrick Mining during the 4th quarter worth $31,000. Finally, Key Financial Inc lifted its holdings in Barrick Mining by 137.5% during the 1st quarter. Key Financial Inc now owns 753 shares of the gold and copper producer’s stock worth $31,000 after buying an additional 436 shares during the period. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD decreased their price target on Barrick Mining from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Royal Bank Of Canada dropped their price target on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Bank of America decreased their price objective on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Barclays boosted their target price on shares of Barrick Mining from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Scotiabank cut their price target on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average price target of $52.57.

Barrick Mining Stock Down 1.8%

B stock opened at $44.81 on Tuesday. The firm has a market capitalization of $73.75 billion, a PE ratio of 11.55, a P/E/G ratio of 0.87 and a beta of 0.47. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a twelve month low of $26.16 and a twelve month high of $54.69. The stock’s 50 day moving average is $39.55 and its 200-day moving average is $41.57.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The firm’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. Sell-side analysts expect that Barrick Mining Corporation will post 3.56 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. Barrick Mining’s dividend payout ratio (DPR) is currently 18.04%.

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.