154,200 Shares in Barrick Mining Corporation $B Acquired by SSA Swiss Advisors AG

SSA Swiss Advisors AG bought a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 154,200 shares of the gold and copper producer’s stock, valued at approximately $6,964,000. Barrick Mining accounts for 3.2% of SSA Swiss Advisors AG’s investment portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Consulate Inc. increased its position in shares of Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after buying an additional 521 shares in the last quarter. Westside Investment Management Inc. bought a new position in Barrick Mining during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Barrick Mining in the fourth quarter valued at about $26,000. JPL Wealth Management LLC acquired a new position in Barrick Mining in the third quarter valued at about $28,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining in the fourth quarter worth about $30,000. 90.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Barrick Mining Stock Down 2.3%

B stock opened at $40.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The stock has a market capitalization of $67.07 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.17 and a beta of 0.44. Barrick Mining Corporation has a fifty-two week low of $20.35 and a fifty-two week high of $54.69. The business has a 50-day moving average of $41.53 and a 200-day moving average of $43.90.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s quarterly revenue was up 66.7% on a year-over-year basis. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given 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 of this dividend was Friday, May 29th. Barrick Mining’s payout ratio is currently 19.34%.

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.