Regal Partners Ltd Lowers Holdings in Barrick Mining Corporation $B

Regal Partners Ltd trimmed its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 45.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,557 shares of the gold and copper producer’s stock after selling 377,722 shares during the period. Barrick Mining accounts for 1.0% of Regal Partners Ltd’s investment portfolio, making the stock its 23rd biggest position. Regal Partners Ltd’s holdings in Barrick Mining were worth $18,582,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Financial Consulate Inc. raised its position in shares of Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after buying an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Barrick Mining during the fourth quarter worth about $25,000. Intesa Sanpaolo Wealth Management bought a new position in Barrick Mining in the 4th quarter worth about $26,000. Ascentis Independent Advisors purchased a new stake in shares of Barrick Mining in the 1st quarter valued at about $28,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Barrick Mining during the 3rd quarter valued at about $28,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of NYSE B opened at $36.78 on Wednesday. The stock’s 50-day moving average is $38.74 and its 200 day moving average is $42.59. The stock has a market cap of $61.18 billion, a price-to-earnings 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. 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 issued its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) 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 business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. The company’s quarterly revenue was up 66.7% on a year-over-year basis. On average, sell-side analysts anticipate that Barrick Mining Corporation will post 3.57 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued 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 was Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

Analyst Ratings Changes

Several research analysts recently weighed in on B shares. JPMorgan Chase & Co. decreased their price objective on shares of Barrick Mining from $58.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Bank of America decreased their price target on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. 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. Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, UBS Group cut their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.46.

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.