Eurizon Capital SGR S.p.A. Takes Position in Barrick Mining Corporation $B

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 58,005 shares of the gold and copper producer’s stock, valued at approximately $2,554,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Westside Investment Management Inc. purchased a new position in shares of Barrick Mining during the 4th quarter valued at $25,000. Financial Consulate Inc. grew its holdings in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after acquiring an additional 521 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in Barrick Mining in the fourth quarter worth $30,000. Lodestone Wealth Management LLC bought a new stake in Barrick Mining in the fourth quarter worth $35,000. Finally, Nisa Investment Advisors LLC bought a new stake in Barrick Mining in the fourth quarter worth $35,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Stock Performance

NYSE:B opened at $43.15 on Wednesday. Barrick Mining Corporation has a 12-month low of $19.57 and a 12-month high of $54.69. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $72.30 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.44. The firm has a 50-day moving average price of $41.25 and a 200 day moving average price of $43.69.

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, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm’s quarterly revenue was up 66.7% compared to the same quarter last year. Research analysts anticipate that Barrick Mining Corporation will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 19.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective for the company. Canadian Imperial Bank of Commerce cut their price objective on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. UBS Group boosted their price objective on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Citigroup boosted their price objective on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.46.

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.