Barrick Mining Corporation $B Holdings Raised by Wealth High Governance Asset Management Ltda.

Wealth High Governance Asset Management Ltda. lifted its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 171.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,078 shares of the gold and copper producer’s stock after purchasing an additional 75,142 shares during the quarter. Barrick Mining accounts for about 1.7% of Wealth High Governance Asset Management Ltda.’s investment portfolio, making the stock its 27th largest holding. Wealth High Governance Asset Management Ltda.’s holdings in Barrick Mining were worth $4,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of B. Bogart Wealth LLC raised its holdings in Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after buying an additional 218 shares during the period. Parvin Asset Management LLC lifted its position in shares of Barrick Mining by 0.7% in the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after acquiring an additional 225 shares in the last quarter. Silver Oak Securities Incorporated lifted its position in shares of Barrick Mining by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after acquiring an additional 246 shares in the last quarter. Mmbg Investment Advisors CO. boosted its stake in Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 254 shares during the period. Finally, S.A. Mason LLC boosted its stake in Barrick Mining by 1.3% in the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Down 0.0%

Shares of NYSE B opened at $36.73 on Monday. The business has a 50 day simple moving average of $38.49 and a 200 day simple moving average of $42.35. Barrick Mining Corporation has a 52 week low of $20.94 and a 52 week high of $54.69. The stock has a market cap of $60.45 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.78 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company’s revenue was up 66.7% on a year-over-year basis. On average, research analysts predict that Barrick Mining Corporation will post 3.57 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. Barrick Mining’s dividend payout ratio (DPR) is currently 19.34%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on B. Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. decreased their target price on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Citigroup reiterated a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. 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 report on Tuesday, April 21st. Finally, Barclays decreased their price objective on Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.46.

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.