Barrick Mining Corporation $B Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 447,336 shares of the gold and copper producer’s stock after selling 32,259 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Barrick Mining were worth $14,659,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new stake in shares of Barrick Mining during the second quarter worth about $25,000. Crowley Wealth Management Inc. acquired a new stake in Barrick Mining during the second quarter worth approximately $26,000. Concord Wealth Partners acquired a new stake in Barrick Mining during the second quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in Barrick Mining in the 2nd quarter worth approximately $27,000. Finally, Trifecta Capital Advisors LLC acquired a new position in Barrick Mining in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on B. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Zacks Research upgraded Barrick Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. Cormark raised shares of Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Finally, Citigroup upgraded shares of Barrick Mining from a “hold” rating to a “buy” rating in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $47.17.

Barrick Mining Price Performance

B opened at $47.75 on Friday. Barrick Mining Corporation has a 52-week low of $15.31 and a 52-week high of $48.50. The company has a 50 day moving average of $40.97 and a two-hundred day moving average of $31.92. The company has a market cap of $80.39 billion, a P/E ratio of 23.07, a P/E/G ratio of 0.40 and a beta of 0.41. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $0.09 EPS. The business’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. Barrick Mining’s payout ratio is 33.82%.

Barrick Mining 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.