Caldwell Trust Co Has $887,000 Stake in Barrick Mining Corporation $B

Caldwell Trust Co raised its stake in Barrick Mining Corporation (NYSE:BFree Report) (TSE:ABX) by 6,688.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,365 shares of the gold and copper producer’s stock after buying an additional 20,065 shares during the quarter. Caldwell Trust Co’s holdings in Barrick Mining were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in B. Financial Consulate Inc. lifted its stake in 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 valued at $25,000 after buying an additional 521 shares during the period. Westside Investment Management Inc. acquired a new position in Barrick Mining in the fourth quarter valued at about $25,000. Arlington Trust Co LLC acquired a new stake in shares of Barrick Mining during the third quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in shares of Barrick Mining during the third quarter worth about $28,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of Barrick Mining during the third quarter worth about $31,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on B shares. UBS Group dropped their price target on Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Canadian Imperial Bank of Commerce dropped their price target on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. started coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target on the stock. Finally, Canaccord Genuity Group dropped their price target on Barrick Mining to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.17.

View Our Latest Research Report on Barrick Mining

Barrick Mining News Summary

Here are the key news stories impacting Barrick Mining this week:

Barrick Mining Stock Down 3.8%

Shares of Barrick Mining stock opened at $39.12 on Wednesday. The business’s 50 day simple moving average is $43.24 and its 200 day simple moving average is $42.35. Barrick Mining Corporation has a 52-week low of $17.41 and a 52-week high of $54.69. The firm has a market cap of $65.55 billion, a PE ratio of 13.35, a P/E/G ratio of 1.50 and a beta of 0.50. 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:BGet Free Report) (TSE:ABX) last issued its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. On average, analysts predict that Barrick Mining Corporation will post 3.55 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 4.3%. Barrick Mining’s dividend payout ratio is currently 57.34%.

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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