Barrick Mining Corporation (NYSE:B) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Barrick Mining by 21.8% in the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock valued at $62,000 after acquiring an additional 563 shares during the period. Sapient Capital LLC increased its holdings in shares of Barrick Mining by 0.5% during the 1st quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock valued at $2,227,000 after purchasing an additional 624 shares in the last quarter. Keystone Financial Group increased its holdings in shares of Barrick Mining by 1.4% during the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock valued at $874,000 after purchasing an additional 753 shares in the last quarter. Edge Wealth Management LLC lifted its stake in shares of Barrick Mining by 6.1% in the 1st quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock valued at $255,000 after purchasing an additional 755 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Barrick Mining by 55.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,193 shares of the gold and copper producer's stock worth $43,000 after buying an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Mining Price Performance

Shares of Barrick Mining stock traded up $0.23 during mid-day trading on Friday, reaching $21.45. 7,362,036 shares of the stock traded hands, compared to its average volume of 3,817,188. The stock has a market capitalization of $36.76 billion, a PE ratio of 16.12, a PEG ratio of 0.34 and a beta of 0.28. The business has a 50-day moving average of $19.74 and a 200 day moving average of $18.38. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $47.50. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14.

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

Barrick Mining Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on B shares. Citigroup cut their price objective on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Wall Street Zen cut Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the stock an "outperform" rating in a report on Wednesday. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets began coverage on Barrick Mining in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.05.

Barrick Mining 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.