Chelsea Counsel Co. Has $86,000 Position in Barrick Mining Corporation $B

Key Points

• Chelsea Counsel Co. cut its Barrick Mining position by 93.2% in the first quarter, selling 29,105 shares and retaining 2,110 shares valued at approximately $86,000.
• Institutional investors own 90.82% of Barrick Mining, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $52.46.
• Barrick reported quarterly EPS of $0.98, beating estimates of $0.80, although revenue of $4.11 billion came in below forecasts. The company pays a $0.70 annualized dividend, yielding about 1.9%.

Chelsea Counsel Co. cut its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 93.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,110 shares of the gold and copper producer's stock after selling 29,105 shares during the period. Chelsea Counsel Co.'s holdings in Barrick Mining were worth $86,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in B. Financial Consulate Inc. grew its holdings in Barrick Mining by 1,042.0% in the 4th 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 last quarter. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining during the fourth quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining during the fourth quarter worth approximately $26,000. Ascentis Independent Advisors bought a new stake in shares of Barrick Mining in the first quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Barrick Mining in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Analyst Ratings Changes

B has been the topic of several research analyst reports. Bank of America lowered their price objective on shares of Barrick Mining from $58.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Weiss Ratings cut shares of Barrick Mining from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, May 11th. Royal Bank Of Canada reduced their price target on shares of Barrick Mining from $51.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Barclays decreased their price target on shares of Barrick Mining from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 15th. Finally, ATB Cormark Capital Markets downgraded shares of Barrick Mining from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.46.

Barrick Mining Stock Down 0.0%

Shares of B opened at $36.73 on Monday. The stock has a market cap of $60.45 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 0.78 and a beta of 0.47. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12 month low of $20.94 and a 12 month high of $54.69. The company has a 50-day moving average price of $38.49 and a two-hundred day moving average price of $42.35.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. The firm's quarterly revenue was up 66.7% on a year-over-year basis. Equities analysts predict that Barrick Mining Corporation will post 3.57 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.9%. Barrick Mining's payout ratio is currently 19.34%.

About Barrick Mining

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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