Sivia Capital Partners LLC Takes Position in Barrick Mining Corporation $B

Sivia Capital Partners LLC purchased a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 13,646 shares of the gold and copper producer’s stock, valued at approximately $594,000.

A number of other large investors also recently modified their holdings of the company. Bogart Wealth LLC raised its position 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 purchasing an additional 218 shares during the last quarter. Mmbg Investment Advisors CO. raised its position in Barrick Mining by 0.6% during 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 last quarter. S.A. Mason LLC raised its position in Barrick Mining by 1.3% during 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 last quarter. Sequoia Financial Advisors LLC raised its position in Barrick Mining by 1.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock worth $1,359,000 after purchasing an additional 302 shares during the last quarter. Finally, Legacy Financial Advisors Inc. raised its position in Barrick Mining by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 8,569 shares of the gold and copper producer’s stock worth $373,000 after purchasing an additional 319 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $39.42 on Friday. 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 business has a 50-day moving average price of $41.56 and a two-hundred day moving average price of $43.78. Barrick Mining Corporation has a 1-year low of $19.57 and a 1-year high of $54.69. The company has a market cap of $66.06 billion, a P/E ratio of 10.89, a PEG ratio of 1.22 and a beta of 0.44.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly 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 firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The firm’s revenue was up 66.7% on a year-over-year basis. As a group, analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is presently 19.34%.

Analyst Upgrades and Downgrades

B has been the subject of several analyst reports. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays initiated coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price for the company. Canaccord Genuity Group lowered their target price on Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Citigroup raised their target price on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target 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.