Mufg Securities Canada LTD. Sells 253,647 Shares of Barrick Mining Corporation $B

Mufg Securities Canada LTD. lessened its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,569,327 shares of the gold and copper producer’s stock after selling 253,647 shares during the quarter. Barrick Mining makes up 3.1% of Mufg Securities Canada LTD.’s holdings, making the stock its 11th biggest holding. Mufg Securities Canada LTD.’s holdings in Barrick Mining were worth $111,948,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Financial Consulate Inc. grew 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 worth $25,000 after purchasing an additional 521 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Barrick Mining in the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Barrick Mining in the fourth quarter worth $26,000. JPL Wealth Management LLC bought a new stake in shares of Barrick Mining in the third quarter worth $28,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining in the fourth quarter worth $30,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

Shares of NYSE B opened at $40.22 on Monday. The firm’s 50-day moving average price is $41.51 and its 200-day moving average price is $43.88. Barrick Mining Corporation has a 1-year low of $20.35 and a 1-year high of $54.69. The firm has a market capitalization of $66.89 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.14 and a beta of 0.43. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. The business’s quarterly revenue was up 66.7% compared to the same quarter last year. Equities research analysts anticipate that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 19.34%.

Analyst Ratings Changes

B has been the topic of several analyst reports. Barclays initiated coverage on shares of Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective on the stock. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, UBS Group upped their price target on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.46.

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.