OMERS ADMINISTRATION Corp Buys 23,912 Shares of Barrick Mining Corporation $B

OMERS ADMINISTRATION Corp increased its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 48.8% during the first quarter, HoldingsChannel.com reports. The firm owned 72,948 shares of the gold and copper producer’s stock after buying an additional 23,912 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Barrick Mining were worth $2,972,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Caldwell Trust Co boosted its stake in shares of Barrick Mining by 6,688.3% in the 4th quarter. Caldwell Trust Co now owns 20,365 shares of the gold and copper producer’s stock valued at $887,000 after purchasing an additional 20,065 shares in the last quarter. Gunderson Capital Management Inc. purchased a new position in Barrick Mining in the 4th quarter worth $8,987,000. Williamson Legacy Group LLC purchased a new position in Barrick Mining in the 4th quarter worth $1,315,000. Drummond Knight Asset Management Pty Ltd lifted its stake in Barrick Mining by 14.9% in the fourth quarter. Drummond Knight Asset Management Pty Ltd now owns 1,384,920 shares of the gold and copper producer’s stock worth $60,313,000 after purchasing an additional 179,920 shares during the last quarter. Finally, Great Diamond Partners LLC purchased a new stake in Barrick Mining during the fourth quarter valued at about $2,393,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Down 1.6%

NYSE:B opened at $36.78 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The firm’s 50-day moving average price is $38.74 and its 200-day moving average price is $42.59. The company has a market capitalization of $61.18 billion, a PE ratio of 10.16, a P/E/G ratio of 0.79 and a beta of 0.48. Barrick Mining Corporation has a 1-year low of $20.94 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted 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 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 the consensus estimate of $4.75 billion. The business’s revenue was up 66.7% compared to the same quarter last year. On average, equities analysts predict that Barrick Mining Corporation will post 3.57 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 19.34%.

Wall Street Analyst Weigh In

B has been the subject of several analyst reports. Wall Street Zen cut Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday. Citigroup reissued a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. Bank of America decreased their target price on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. dropped their price target on shares of Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Finally, ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Barrick Mining presently has an average rating of “Moderate Buy” and an average price target of $52.46.

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.