16,130 Shares in Barrick Mining Corporation $B Bought by Capital Financial Group Inc. Co. ADV

Capital Financial Group Inc. Co. ADV bought a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,130 shares of the gold and copper producer’s stock, valued at approximately $702,000.

Other hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Barrick Mining in the fourth quarter valued at $1,466,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in Barrick Mining by 6.4% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 68,853 shares of the gold and copper producer’s stock valued at $3,005,000 after purchasing an additional 4,164 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Barrick Mining by 7.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 76,486 shares of the gold and copper producer’s stock valued at $3,331,000 after purchasing an additional 5,051 shares in the last quarter. P Schoenfeld Asset Management LP bought a new stake in Barrick Mining in the fourth quarter valued at $4,355,000. Finally, Panagora Asset Management Inc. increased its stake in Barrick Mining by 362.4% in the fourth quarter. Panagora Asset Management Inc. now owns 759,333 shares of the gold and copper producer’s stock valued at $33,069,000 after purchasing an additional 595,118 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

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

Barrick Mining Stock Up 4.1%

Barrick Mining stock opened at $41.85 on Tuesday. Barrick Mining Corporation has a fifty-two week low of $20.35 and a fifty-two week high of $54.69. The stock has a market cap of $69.61 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.14 and a beta of 0.43. The firm’s 50-day simple moving average is $41.52 and its 200 day simple moving average is $43.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results 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 net margin of 32.14% and a return on equity of 14.81%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. The firm’s revenue for the quarter was up 66.7% on a year-over-year basis. Research analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.7%. Barrick Mining’s payout ratio is 19.34%.

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.