Diversify Wealth Management LLC Purchases 17,149 Shares of Barrick Mining Corporation $B

Diversify Wealth Management LLC boosted its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 126.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,737 shares of the gold and copper producer’s stock after purchasing an additional 17,149 shares during the period. Diversify Wealth Management LLC’s holdings in Barrick Mining were worth $1,182,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in Barrick Mining during the 4th quarter worth about $25,000. Financial Consulate Inc. lifted its stake 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 purchasing an additional 521 shares during the period. Intesa Sanpaolo Wealth Management bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $26,000. Ascentis Independent Advisors bought a new stake in shares of Barrick Mining during the 1st quarter valued at about $28,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $30,000. Institutional investors own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on B. Royal Bank Of Canada lowered their target price on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Scotiabank cut their price target on Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Bank of America reduced their price objective on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. UBS Group lowered their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Barclays set a $39.00 target price on shares of Barrick Mining in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.85.

Trending Headlines about Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Despite a lower price target, Scotiabank kept a “sector outperform” rating on Barrick Mining and still sees meaningful upside from current levels, which may help support longer-term investor confidence. Benzinga / The Fly report
• Positive Sentiment: Recent commentary highlighted Barrick as a potential beneficiary if gold prices strengthen, and also pointed to the company’s efforts to bolster copper assets, suggesting a diversified growth path beyond gold alone. Gold-price and analyst note Copper assets article
• Neutral Sentiment: Several recent opinion pieces remain constructive on Barrick’s long-term fundamentals, citing cash flow, buybacks, and project development, but these are mostly thematic and not new company-specific catalysts. Seeking Alpha article Yahoo Finance article
• Negative Sentiment: Scotiabank lowered its price target on Barrick from $63 to $57, reflecting a more cautious near-term view and pressuring the stock.
• Negative Sentiment: Broader headlines about mining risk in the Sahel region are a reminder that geopolitical and operational challenges remain a concern for gold producers like Barrick. Mining.com article

Barrick Mining Trading Down 1.6%

Shares of Barrick Mining stock opened at $35.91 on Thursday. The stock has a market capitalization of $59.73 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.79 and a beta of 0.48. Barrick Mining Corporation has a 52 week low of $20.52 and a 52 week high of $54.69. The stock has a 50 day moving average price of $39.93 and a two-hundred day moving average price of $43.15. 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 earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. The firm’s revenue was up 66.7% compared to the same quarter last year. As a group, equities analysts anticipate that Barrick Mining Corporation will post 3.63 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. Shareholders 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 annualized dividend and a yield of 1.9%. Barrick Mining’s dividend payout ratio is presently 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.