Euro Pacific Asset Management LLC Has $76.06 Million Stock Position in Barrick Mining Corporation $B

Euro Pacific Asset Management LLC lowered its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,746,376 shares of the gold and copper producer’s stock after selling 422,123 shares during the quarter. Barrick Mining accounts for approximately 0.2% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Euro Pacific Asset Management LLC owned 0.10% of Barrick Mining worth $76,055,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC increased its position in shares of Barrick Mining by 19.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock valued at $74,000 after acquiring an additional 373 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Barrick Mining by 4.7% in the third quarter. Brown Brothers Harriman & Co. now owns 8,770 shares of the gold and copper producer’s stock worth $287,000 after purchasing an additional 391 shares during the last quarter. Legend Financial Advisors Inc. boosted its position in Barrick Mining by 0.9% in the third quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock worth $1,479,000 after purchasing an additional 399 shares during the last quarter. Banque Transatlantique SA grew its stake in Barrick Mining by 4.2% in the 3rd quarter. Banque Transatlantique SA now owns 9,950 shares of the gold and copper producer’s stock valued at $326,000 after purchasing an additional 400 shares during the period. Finally, Ascent Group LLC grew its stake in Barrick Mining by 2.9% in the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after purchasing an additional 404 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Down 0.5%

B stock opened at $38.40 on Tuesday. The stock has a fifty day moving average of $45.94 and a 200-day moving average of $41.00. Barrick Mining Corporation has a fifty-two week low of $17.00 and a fifty-two week high of $54.69. The company has a market capitalization of $64.33 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.28 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92.

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

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.42 dividend. 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.4%. Barrick Mining’s dividend payout ratio is 57.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on B shares. BNP Paribas Exane upgraded Barrick Mining to a “neutral” rating and set a $50.00 target price on the stock in a research note on Friday, December 5th. Jefferies Financial Group restated a “buy” rating and set a $55.00 price target on shares of Barrick Mining in a research report on Sunday, December 7th. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Friday. 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, Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. One investment 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.83.

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.