Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Acquires Shares of 21,870 Barrick Mining Corporation $B

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,870 shares of the gold and copper producer’s stock, valued at approximately $952,000. Barrick Mining makes up 1.5% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bogart Wealth LLC boosted its holdings in Barrick Mining by 3.5% during the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares in the last quarter. Mmbg Investment Advisors CO. raised its stake in shares of Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after acquiring an additional 254 shares during the last quarter. S.A. Mason LLC raised its stake in shares of Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after acquiring an additional 300 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Barrick Mining by 1.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after acquiring an additional 302 shares during the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in shares of Barrick Mining by 3.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 8,569 shares of the gold and copper producer’s stock valued at $373,000 after acquiring an additional 319 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Stock Performance

NYSE:B opened at $41.76 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $69.96 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.09 and a beta of 0.41. The firm has a 50 day moving average of $41.12 and a 200-day moving average of $43.59. Barrick Mining Corporation has a 1 year low of $18.83 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. The company’s quarterly revenue was up 66.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.7%. Barrick Mining’s dividend payout ratio is currently 46.41%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on B. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Citigroup lifted their target price on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. began coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price for the company. Finally, Barclays began coverage on shares of Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.46.

Barrick Mining 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.