Barrick Mining Corporation $B Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 21.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,946,585 shares of the gold and copper producer’s stock after selling 2,202,773 shares during the period. Ameriprise Financial Inc. owned approximately 0.47% of Barrick Mining worth $260,531,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in B. Arlington Trust Co LLC acquired a new position in Barrick Mining during the 3rd quarter worth approximately $26,000. Provenance Wealth Advisors LLC purchased a new position in shares of Barrick Mining during the 3rd quarter worth approximately $32,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $33,000. Investors Research Corp purchased a new stake in shares of Barrick Mining in the third quarter valued at approximately $36,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Barrick Mining in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Trading Up 1.7%

NYSE:B opened at $43.05 on Tuesday. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $47.90 and a 200-day simple moving average of $40.24. The company has a market capitalization of $72.12 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.32 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. Barrick Mining’s revenue was up 44.6% on a year-over-year basis. On average, equities research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is currently 57.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on B shares. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price target on shares of Barrick Mining in a report on Sunday, December 7th. Raymond James Financial boosted their price objective on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $55.25.

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.