Kestra Private Wealth Services LLC Acquires 17,128 Shares of Barrick Mining Corporation $B

Kestra Private Wealth Services LLC lifted its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 56.5% in the 1st quarter, Holdings Channel reports. The firm owned 47,435 shares of the gold and copper producer’s stock after acquiring an additional 17,128 shares during the period. Kestra Private Wealth Services LLC’s holdings in Barrick Mining were worth $1,935,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of B. CW Advisors LLC purchased a new position in Barrick Mining in the 2nd quarter worth about $283,000. EverSource Wealth Advisors LLC bought a new stake in shares of Barrick Mining in the second quarter worth approximately $53,000. First Trust Advisors LP purchased a new position in shares of Barrick Mining during the second quarter valued at approximately $857,000. Baird Financial Group Inc. purchased a new position in shares of Barrick Mining during the second quarter valued at approximately $2,569,000. Finally, Cresset Asset Management LLC purchased a new position in shares of Barrick Mining during the second quarter valued at approximately $543,000. 90.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. 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. UBS Group increased their price target on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce dropped their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Finally, Barclays started coverage on Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Stock Performance

B opened at $37.31 on Monday. The company’s 50 day moving average is $40.93 and its 200 day moving average is $43.78. 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 company has a market cap of $62.06 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.06 and a beta of 0.43. Barrick Mining Corporation has a 12-month low of $20.35 and a 12-month high of $54.69.

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

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s dividend payout ratio is 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.