Strs Ohio Decreases Stock Position in Barrick Mining Corporation $B

Strs Ohio lessened its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,245,050 shares of the gold and copper producer’s stock after selling 19,094 shares during the quarter. Strs Ohio owned about 0.07% of Barrick Mining worth $54,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in B. Financial Consulate Inc. lifted its position in shares of Barrick Mining by 1,042.0% in the fourth 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. Westside Investment Management Inc. purchased a new position in shares of Barrick Mining in the fourth quarter valued at approximately $25,000. Arlington Trust Co LLC purchased a new position in shares of Barrick Mining in the third quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Barrick Mining in the third quarter valued at approximately $28,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Barrick Mining in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $38.79 on Friday. Barrick Mining Corporation has a one year low of $17.41 and a one year high of $54.69. The company has a market cap of $64.99 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.44 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The business’s 50 day moving average price is $42.85 and its 200 day moving average price is $42.30.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business’s revenue was up 44.6% on a year-over-year basis. On average, research analysts predict that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.3%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining’s payout ratio is 57.34%.

Wall Street Analyst Weigh In

B has been the topic of several research reports. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. assumed coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research report on Friday, March 27th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Finally, UBS Group reduced their price objective on Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.17.

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.