Cambridge Investment Research Advisors Inc. Trims Stock Holdings in Barrick Mining Corporation (NYSE:B)

Cambridge Investment Research Advisors Inc. lowered its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,369 shares of the gold and copper producer's stock after selling 11,956 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Barrick Mining were worth $1,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of B. Bank of New York Mellon Corp increased its holdings in shares of Barrick Mining by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,587,147 shares of the gold and copper producer's stock valued at $24,601,000 after purchasing an additional 54,182 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Barrick Mining by 74.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 40,851 shares of the gold and copper producer's stock worth $633,000 after acquiring an additional 17,494 shares during the period. Jones Financial Companies Lllp grew its holdings in Barrick Mining by 204.2% during the fourth quarter. Jones Financial Companies Lllp now owns 41,399 shares of the gold and copper producer's stock worth $642,000 after acquiring an additional 27,788 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Barrick Mining by 66.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer's stock worth $940,000 after acquiring an additional 24,176 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Barrick Mining by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock worth $78,637,000 after acquiring an additional 128,203 shares during the period. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Mining Price Performance

Barrick Mining stock traded up $0.23 during trading hours on Friday, hitting $21.45. The stock had a trading volume of 7,362,036 shares, compared to its average volume of 3,837,706. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. Barrick Mining Corporation has a 1-year low of $17.41 and a 1-year high of $47.50. The stock's fifty day moving average is $19.74 and its two-hundred day moving average is $18.40. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 0.34 and a beta of 0.28.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the business earned $0.19 earnings per share. The business's revenue was up 13.9% on a year-over-year basis. As a group, analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. Barrick Mining's dividend payout ratio is currently 30.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on B shares. CIBC upped their price objective on Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday. Raymond James Financial upped their price objective on Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. Stifel Canada raised Barrick Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Scotiabank upped their price objective on Barrick Mining from $20.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Mining Company Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.