Barrick Mining Corporation $B Stock Position Raised by Vise Technologies Inc.

Vise Technologies Inc. raised its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 28.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,736 shares of the gold and copper producer’s stock after purchasing an additional 13,821 shares during the period. Vise Technologies Inc.’s holdings in Barrick Mining were worth $2,689,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Daiwa Securities Group Inc. bought a new position in shares of Barrick Mining in the 4th quarter valued at approximately $3,070,000. TD Asset Management Inc raised its stake in shares of Barrick Mining by 5.6% in the 4th quarter. TD Asset Management Inc now owns 20,395,667 shares of the gold and copper producer’s stock valued at $889,627,000 after acquiring an additional 1,086,332 shares in the last quarter. Intellectus Partners LLC bought a new position in shares of Barrick Mining in the 4th quarter valued at approximately $348,000. Sivia Capital Partners LLC bought a new position in shares of Barrick Mining in the 4th quarter valued at approximately $594,000. Finally, CIBC Asset Management Inc raised its stake in shares of Barrick Mining by 8.8% in the 4th quarter. CIBC Asset Management Inc now owns 19,902,944 shares of the gold and copper producer’s stock valued at $869,964,000 after acquiring an additional 1,615,386 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce cut their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Barclays assumed coverage on Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective on the stock. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup raised their price objective on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.46.

Barrick Mining Price Performance

Shares of NYSE:B opened at $39.42 on Friday. Barrick Mining Corporation has a 1-year low of $19.57 and a 1-year high of $54.69. The firm has a market capitalization of $66.06 billion, a PE ratio of 10.89, a PEG ratio of 1.12 and a beta of 0.44. The business’s 50 day moving average is $41.56 and its 200-day moving average is $43.78. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. The company’s revenue was up 66.7% compared to the same quarter last year. Sell-side analysts predict that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

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

About Barrick Mining

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.