Barrick Mining (NYSE:B) Trading Down 4.8% – Time to Sell?

Shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) were down 4.8% during trading on Monday . The company traded as low as $43.30 and last traded at $43.9960. Approximately 11,931,313 shares traded hands during trading, a decline of 39% from the average daily volume of 19,534,787 shares. The stock had previously closed at $46.21.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on B. Cormark raised shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Wall Street Zen lowered shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. TD Securities boosted their price objective on shares of Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. National Bankshares raised shares of Barrick Mining to an “outperform” rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Barrick Mining in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Barrick Mining presently has an average rating of “Buy” and an average target price of $47.17.

Barrick Mining Stock Performance

The company has a market capitalization of $73.31 billion, a P/E ratio of 21.03, a PEG ratio of 0.45 and a beta of 0.40. The stock’s fifty day moving average price is $38.78 and its 200-day moving average price is $30.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.Barrick Mining’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. As a group, research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a $0.175 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. Barrick Mining’s dividend payout ratio (DPR) is currently 33.82%.

Hedge Funds Weigh In On Barrick Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. Fiduciary Financial Group LLC bought a new stake in shares of Barrick Mining during the 2nd quarter worth about $352,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Barrick Mining during the second quarter worth approximately $464,000. Fractal Investments LLC acquired a new stake in Barrick Mining during the second quarter worth approximately $341,000. Hedges Asset Management LLC bought a new stake in shares of Barrick Mining during the second quarter worth approximately $1,249,000. Finally, Parallel Advisors LLC acquired a new position in shares of Barrick Mining in the second quarter valued at approximately $76,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.