Aubrey Capital Management Ltd Reduces Stock Position in Barrick Mining Corporation $B

Key Points

• Aubrey Capital Management cut its Barrick Mining stake by 55.6% in the fourth quarter, selling 29,099 shares and leaving it with 23,259 shares worth about $1.03 million.
• Wall Street sentiment remains mostly positive: Barrick has a Moderate Buy consensus rating, with 16 Buy ratings, one Strong Buy, and four Hold ratings. The average price target stands at $54.17.
• Barrick reported strong quarterly results, posting EPS of $1.04 versus estimates of $0.85 and revenue of $5.98 billion, up 44.6% year over year. The stock was recently trading around $43.12, near its 50-day and 200-day moving averages.

Aubrey Capital Management Ltd reduced its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 55.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,259 shares of the gold and copper producer's stock after selling 29,099 shares during the period. Aubrey Capital Management Ltd's holdings in Barrick Mining were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bogart Wealth LLC grew its stake in shares of Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer's stock worth $281,000 after buying an additional 218 shares in the last quarter. S.A. Mason LLC boosted its stake in shares of Barrick Mining by 1.3% during the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer's stock worth $1,007,000 after purchasing an additional 300 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Barrick Mining by 1.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer's stock worth $1,359,000 after purchasing an additional 302 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of Barrick Mining by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,300 shares of the gold and copper producer's stock worth $361,000 after purchasing an additional 332 shares during the period. Finally, Keybank National Association OH boosted its stake in shares of Barrick Mining by 2.1% during the 4th quarter. Keybank National Association OH now owns 17,598 shares of the gold and copper producer's stock worth $766,000 after purchasing an additional 360 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on B. DZ Bank raised shares of Barrick Mining to a "strong-buy" rating in a research note on Monday, January 19th. Scotiabank lifted their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. ATB Cormark Capital Markets cut shares of Barrick Mining from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 7th. Finally, Canaccord Genuity Group dropped their price target on shares of Barrick Mining to $77.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.17.

Barrick Mining Trading Down 0.0%

Shares of B opened at $43.12 on Monday. Barrick Mining Corporation has a 1-year low of $17.41 and a 1-year high of $54.69. The company has a 50-day moving average of $42.36 and a 200 day moving average of $42.56. The firm has a market capitalization of $72.24 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.29 and a beta of 0.41. 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:B - Get Free Report) TSE: ABX last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The business's revenue was up 44.6% compared to the same quarter last year. On average, research analysts expect that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Company 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.

Want to see what other hedge funds are holding B? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.