Crocodile Capital Partners GmbH Sells 1,359,973 Shares of Barrick Mining Corporation $B

Crocodile Capital Partners GmbH reduced its holdings in Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 86.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,000 shares of the gold and copper producer’s stock after selling 1,359,973 shares during the period. Barrick Mining comprises about 5.5% of Crocodile Capital Partners GmbH’s holdings, making the stock its 7th largest holding. Crocodile Capital Partners GmbH’s holdings in Barrick Mining were worth $9,146,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Arlington Trust Co LLC acquired a new position in shares of Barrick Mining in the 3rd quarter valued at about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Barrick Mining during the third quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. purchased a new position in Barrick Mining during the third quarter valued at approximately $31,000. Provenance Wealth Advisors LLC purchased a new position in Barrick Mining during the third quarter valued at approximately $32,000. Finally, Investors Research Corp acquired a new position in Barrick Mining in the 3rd quarter valued at approximately $36,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Stock Down 3.1%

B stock opened at $37.09 on Monday. The stock has a market capitalization of $62.14 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.23 and a beta of 0.41. The company has a 50-day moving average of $47.27 and a two-hundred day moving average of $40.60. Barrick Mining Corporation has a 52-week low of $17.00 and a 52-week high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last posted its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. The firm’s revenue was up 44.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.42 dividend. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.5%. Barrick Mining’s payout ratio is 57.34%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on B shares. Citigroup increased their target price on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. began coverage on shares of Barrick Mining in a report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target on the stock. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $71.00 target price on shares of Barrick Mining in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.25.

View Our Latest Stock Analysis on Barrick Mining

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About Barrick Mining

(Free Report)

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.

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Institutional Ownership by Quarter for Barrick Mining (NYSE:B)

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