O Shaughnessy Asset Management LLC Has $15.24 Million Stock Holdings in Barrick Mining Corporation $B

O Shaughnessy Asset Management LLC boosted its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 9.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 349,790 shares of the gold and copper producer’s stock after buying an additional 28,955 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Barrick Mining were worth $15,236,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of B. CW Advisors LLC acquired a new position in Barrick Mining during the 2nd quarter worth $283,000. EverSource Wealth Advisors LLC acquired a new position in Barrick Mining during the 2nd quarter worth $53,000. First Trust Advisors LP acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $857,000. Baird Financial Group Inc. acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $543,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Price Performance

B opened at $39.09 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12 month low of $19.94 and a 12 month high of $54.69. The company has a fifty day simple moving average of $41.61 and a 200 day simple moving average of $43.85. The stock has a market cap of $65.03 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.12 and a beta of 0.44.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data 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. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. The company’s quarterly revenue was up 66.7% on a year-over-year basis. On average, research analysts expect that Barrick Mining Corporation will post 3.78 EPS for the current 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 given a $0.175 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. Barrick Mining’s dividend payout ratio is currently 19.34%.

Analysts Set New Price Targets

B has been the topic of a number of analyst reports. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Barclays initiated coverage on Barrick Mining in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target on the stock. Canaccord Genuity Group cut their price target on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Finally, Canadian Imperial Bank of Commerce cut their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. One 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 stock. According to data from MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and a consensus target price of $53.46.

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.