Barrick Mining Corporation $B Position Increased by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 31.8% in the first quarter, Holdings Channel.com reports. The firm owned 331,723 shares of the gold and copper producer’s stock after purchasing an additional 79,967 shares during the period. Cetera Investment Advisers’ holdings in Barrick Mining were worth $13,520,000 as of its most recent SEC filing.

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

Barrick Mining Stock Down 1.1%

Shares of B stock opened at $36.30 on Thursday. The stock’s 50 day simple moving average is $38.65 and its 200 day simple moving average is $42.51. Barrick Mining Corporation has a twelve month low of $20.94 and a twelve month high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The company has a market capitalization of $60.39 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.78 and a beta of 0.48.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) 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 analysts’ expectations of $4.75 billion. The business’s revenue was up 66.7% compared to the same quarter last year. As a group, research analysts predict that Barrick Mining Corporation will post 3.57 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

Wall Street Analyst Weigh In

B has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. Scotiabank reduced their price objective on shares of Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada decreased their price objective on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and an average price target 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.