Corient Private Wealth LLC Grows Stock Holdings in Barrick Mining Corporation $B

Corient Private Wealth LLC grew its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 32.2% in the 4th quarter, HoldingsChannel reports. The firm owned 65,840 shares of the gold and copper producer’s stock after acquiring an additional 16,029 shares during the quarter. Corient Private Wealth LLC’s holdings in Barrick Mining were worth $2,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Consulate Inc. raised 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 buying an additional 521 shares in the last quarter. Westside Investment Management Inc. bought a new stake in Barrick Mining in the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Barrick Mining in the fourth quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new stake in Barrick Mining in the third quarter worth approximately $28,000. Finally, Laurel Wealth Advisors LLC bought a new position in Barrick Mining during the fourth quarter valued at approximately $30,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Trading Up 1.5%

Shares of B opened at $37.31 on Friday. The stock has a market capitalization of $62.06 billion, a P/E ratio of 10.31, a PEG ratio of 1.06 and a beta of 0.44. 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 fifty day simple moving average of $40.93 and a two-hundred day simple moving average of $43.76. Barrick Mining Corporation has a twelve month low of $20.35 and a twelve month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating the consensus estimate of $0.80 by $0.18. The firm had revenue of $4.11 billion during 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 for the quarter was up 66.7% on a year-over-year basis. On average, research 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 was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. Barrick Mining’s dividend payout ratio (DPR) is presently 19.34%.

Wall Street Analysts Forecast Growth

B has been the subject of a number of research reports. UBS Group upped their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Barclays assumed coverage on shares of Barrick Mining in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price on the stock. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target of $53.46.

Barrick Mining Company 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.