Barrick Mining Corporation $B Stock: Mondrian Investment Partners LTD Reduces Stake

Key Points

• Mondrian Investment Partners reduced its Barrick Mining stake by 8.1% in the third quarter, selling 106,549 shares and retaining 1.21 million shares worth approximately $49.3 million. Institutional investors still own 90.82% of the company.
• Analyst sentiment remains broadly positive: Barrick has a consensus rating of “Moderate Buy” and an average price target of $52.59, despite some target reductions and a recent “hold” downgrade.
• Barrick reported quarterly EPS of $0.82, slightly ahead of estimates, while revenue rose 43.8% year over year to $5.29 billion. The company also maintains a quarterly dividend of $0.175 per share, equivalent to a 1.8% yield.

Mondrian Investment Partners LTD decreased its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,212,272 shares of the gold and copper producer's stock after selling 106,549 shares during the quarter. Mondrian Investment Partners LTD owned 0.07% of Barrick Mining worth $49,303,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Diversify Advisory Services LLC increased its holdings in shares of Barrick Mining by 61.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 90,724 shares of the gold and copper producer's stock worth $3,679,000 after buying an additional 34,547 shares during the last quarter. Groupe la Francaise raised its position in shares of Barrick Mining by 3.3% during the 2nd quarter. Groupe la Francaise now owns 943,327 shares of the gold and copper producer's stock valued at $34,667,000 after buying an additional 29,816 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Barrick Mining by 231.3% during the 2nd quarter. NewEdge Advisors LLC now owns 138,414 shares of the gold and copper producer's stock worth $5,084,000 after acquiring an additional 96,636 shares during the last quarter. Spark Investment Management LLC lifted its holdings in shares of Barrick Mining by 31.6% during the 2nd quarter. Spark Investment Management LLC now owns 50,000 shares of the gold and copper producer's stock worth $1,837,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Summit Securities Group LLC lifted its holdings in shares of Barrick Mining by 203.6% during the 1st quarter. Summit Securities Group LLC now owns 101,400 shares of the gold and copper producer's stock worth $4,136,000 after acquiring an additional 68,000 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. RBC Dominion Securities set a $53.00 target price on shares of Barrick Mining and gave the stock an "outperform" rating in a research report on Thursday. Barclays raised their price target on Barrick Mining from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. TD set a $59.00 price target on Barrick Mining and gave the company a "buy" rating in a research report on Wednesday, September 16th. Bank of America dropped their price target on Barrick Mining from $56.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. Finally, Wall Street Zen cut Barrick Mining from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and an average price target of $52.59.

More Barrick Mining News

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

• Positive Sentiment: JPMorgan raised its price target to $55 from $52 and maintained a constructive view of Barrick, implying substantial upside from recent trading levels. JPMorgan raises target for Barrick Mining stock
• Positive Sentiment: RBC Dominion Securities assigned an “outperform” rating and a $53 target, reinforcing the case that Barrick’s valuation does not fully reflect its potential. RBC Dominion Securities rating
• Positive Sentiment: Investors are also watching mine development, production expansion, dividends and share buybacks as possible catalysts for a future revaluation. Barrick Mining catalysts for value revaluation
• Neutral Sentiment: Coverage is assessing whether Barrick’s mine-development pipeline will change its production mix. The impact depends on project execution, timing, capital spending and the profitability of future gold and copper output. Barrick Mining mine development and production mix
• Negative Sentiment: Freedom Broker downgraded Barrick to “hold” and cut its price target to $46 from $54, citing reduced near-term EBITDA expectations, operational risks and valuation concerns. The action contributed to a broader selloff in major gold producers. Freedom Broker downgrades Barrick Mining
• Negative Sentiment: A surge in diesel prices is raising concern about higher mining costs and squeezed margins across the industry, particularly because fuel is a significant variable expense for producers. Diesel price surge putting mining profits to test

Barrick Mining Stock Down 1.4%

Shares of NYSE B opened at $38.11 on Friday. Barrick Mining Corporation has a one year low of $30.98 and a one year high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. The firm's 50 day simple moving average is $42.74 and its two-hundred day simple moving average is $40.89. The stock has a market capitalization of $62.31 billion, a P/E ratio of 9.82, a PEG ratio of 1.18 and a beta of 0.48.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The business's revenue was up 43.8% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. As a group, analysts expect that Barrick Mining Corporation will post 3.50 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a dividend of $0.1750 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. Barrick Mining's dividend payout ratio (DPR) is currently 18.04%.

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.

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