Barrick Mining Corporation (NYSE:B) Shares Sold by Hara Capital LLC

Hara Capital LLC reduced its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 37.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,309 shares of the gold and copper producer's stock after selling 14,065 shares during the quarter. Hara Capital LLC's holdings in Barrick Mining were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Barrick Mining by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock valued at $1,060,036,000 after acquiring an additional 1,195,585 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Barrick Mining by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after buying an additional 9,598,292 shares during the period. Capital International Investors lifted its holdings in shares of Barrick Mining by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after buying an additional 19,189,830 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Barrick Mining by 1.9% during the 4th quarter. Mackenzie Financial Corp now owns 15,318,376 shares of the gold and copper producer's stock valued at $237,280,000 after buying an additional 278,292 shares during the period. Finally, Causeway Capital Management LLC bought a new position in shares of Barrick Mining during the 4th quarter valued at $172,225,000. 90.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on B shares. Citigroup reduced their price objective on Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. National Bankshares restated an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Royal Bank Of Canada set a $26.00 price objective on Barrick Mining and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen upgraded Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Finally, Stifel Canada upgraded Barrick Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Mining Trading Up 0.7%

Shares of NYSE:B traded up $0.15 during trading on Friday, reaching $21.22. 8,632,540 shares of the company were exchanged, compared to its average volume of 4,103,115. The firm has a market capitalization of $36.38 billion, a PE ratio of 15.95, a P/E/G ratio of 0.34 and a beta of 0.28. The business's fifty day simple moving average is $19.97 and its 200-day simple moving average is $18.57. 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 12-month low of $17.41 and a 12-month high of $47.50.

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. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. Barrick Mining's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. On average, research analysts anticipate 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 issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's payout ratio is 30.08%.

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.