NINE MASTS CAPITAL Ltd Makes New Investment in Barrick Mining Corporation $B

NINE MASTS CAPITAL Ltd purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,308 shares of the gold and copper producer’s stock, valued at approximately $415,000.

A number of other large investors also recently modified their holdings of B. Parvin Asset Management LLC grew its stake in shares of Barrick Mining by 0.7% in the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after acquiring an additional 225 shares during the last quarter. Silver Oak Securities Incorporated raised its stake in Barrick Mining by 2.9% during the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after purchasing an additional 246 shares during the last quarter. Mmbg Investment Advisors CO. boosted its holdings in Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after purchasing an additional 254 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Barrick Mining by 1.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after purchasing an additional 302 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in Barrick Mining by 3.9% in 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 and hedge funds.

Barrick Mining Trading Up 0.2%

Shares of Barrick Mining stock opened at $45.75 on Monday. Barrick Mining Corporation has a 52-week low of $26.16 and a 52-week high of $54.69. The firm has a market capitalization of $75.30 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.87 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. The company’s fifty day moving average price is $39.46 and its two-hundred day moving average price is $41.58.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue for the quarter was up 43.8% compared to the same quarter last year. On average, analysts expect that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.175 per share. The ex-dividend date is Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. Barrick Mining’s dividend payout ratio (DPR) is currently 18.04%.

Analysts Set New Price Targets

Several research firms have recently issued reports on B. Canadian Imperial Bank of Commerce set a $57.00 price objective on shares of Barrick Mining in a report on Wednesday, August 12th. UBS Group decreased their target price on Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Scotiabank decreased their target price on Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. Barclays boosted their price target on Barrick Mining from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada cut their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average price target of $52.57.

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.