De Lisle Partners LLP Lowers Stock Holdings in Barrick Mining Corporation (NYSE:B)

De Lisle Partners LLP trimmed its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 9.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,000 shares of the gold and copper producer’s stock after selling 15,000 shares during the quarter. De Lisle Partners LLP’s holdings in Barrick Mining were worth $2,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Barrick Mining by 21.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer’s stock worth $62,000 after purchasing an additional 563 shares in the last quarter. Sapient Capital LLC increased its position in shares of Barrick Mining by 0.5% in the 1st quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer’s stock valued at $2,227,000 after purchasing an additional 624 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Barrick Mining by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer’s stock valued at $558,000 after purchasing an additional 710 shares in the last quarter. Keystone Financial Group lifted its position in shares of Barrick Mining by 1.4% during the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer’s stock worth $874,000 after purchasing an additional 753 shares during the last quarter. Finally, Edge Wealth Management LLC grew its stake in shares of Barrick Mining by 6.1% during the first quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer’s stock worth $255,000 after purchasing an additional 755 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on B shares. CIBC upped their price objective on Barrick Mining from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. National Bankshares reaffirmed an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Royal Bank Of Canada set a $26.00 price target on shares of Barrick Mining and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. UBS Group upped their price objective on shares of Barrick Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, Raymond James Financial raised their price objective on Barrick Mining from $23.00 to $23.50 and gave the stock an “outperform” rating in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $24.41.

Barrick Mining Trading Down 1.5%

Shares of B stock opened at $21.41 on Tuesday. Barrick Mining Corporation has a 1-year low of $15.11 and a 1-year high of $21.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. The business’s fifty day moving average price is $20.60 and its 200 day moving average price is $19.05. The firm has a market capitalization of $36.53 billion, a PE ratio of 16.10, a P/E/G ratio of 0.33 and a beta of 0.28.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. As a group, sell-side analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. Barrick Mining’s payout ratio is 30.08%.

Barrick Mining Company Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.