Barrick Mining Corporation $B Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,945 shares of the gold and copper producer’s stock after selling 69,851 shares during the period. Natixis Advisors LLC’s holdings in Barrick Mining were worth $9,492,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Quadrature Capital Ltd raised its position in shares of Barrick Mining by 113.2% in the third quarter. Quadrature Capital Ltd now owns 3,984,800 shares of the gold and copper producer’s stock worth $130,764,000 after acquiring an additional 2,115,800 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Barrick Mining during the 3rd quarter worth about $1,889,000. WINTON GROUP Ltd acquired a new stake in shares of Barrick Mining during the 3rd quarter valued at about $12,739,000. Picton Mahoney Asset Management grew its position in shares of Barrick Mining by 1,673.9% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,577,359 shares of the gold and copper producer’s stock valued at $51,797,000 after acquiring an additional 1,488,438 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Barrick Mining by 46.5% in the 3rd quarter. Truist Financial Corp now owns 65,112 shares of the gold and copper producer’s stock valued at $2,134,000 after purchasing an additional 20,655 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Trading Down 0.1%

B stock opened at $39.42 on Monday. 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 Corporation has a 12-month low of $19.57 and a 12-month high of $54.69. The stock has a market cap of $66.06 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.12 and a beta of 0.43. The business’s 50-day moving average is $41.56 and its 200 day moving average is $43.83.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company’s revenue was up 66.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

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

Analyst Ratings Changes

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

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.