Hussman Strategic Advisors Inc. Trims Stock Position in Barrick Mining Corporation $B

Key Points

• Hussman Strategic Advisors cut its stake in Barrick by 60.1%, selling 92,000 shares and leaving it with 61,000 shares worth about $2.66 million as of the latest 13F filing.
• Barrick posted a strong quarter, reporting $1.04 EPS vs. $0.85 expected and revenue up 44.6% to $5.98 billion, and it raised its quarterly dividend to $0.42 (annualized $1.68, ~4.3% yield).
• Shares trade around $38.79 (down ~1.4%), with a P/E of 13.24 and market cap near $65 billion; analysts hold a consensus Moderate Buy rating with a $54.17 price target.

Hussman Strategic Advisors Inc. lowered its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 60.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,000 shares of the gold and copper producer's stock after selling 92,000 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Barrick Mining were worth $2,657,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Consulate Inc. grew its stake 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 worth $25,000 after buying an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Barrick Mining in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC purchased a new position in Barrick Mining in the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in Barrick Mining in the 3rd quarter worth approximately $28,000. Finally, Laurel Wealth Advisors LLC purchased a new position in Barrick Mining in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Mining Trading Down 1.4%

NYSE:B opened at $38.79 on Friday. The company has a fifty day moving average of $42.85 and a 200 day moving average of $42.36. Barrick Mining Corporation has a 52 week low of $17.41 and a 52 week high of $54.69. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $64.99 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.42 and a beta of 0.41.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining's quarterly revenue was up 44.6% compared to the same quarter last year. On average, research analysts predict that Barrick Mining Corporation will post 3.56 earnings per share for the current year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.42 dividend. This is a boost from Barrick Mining's previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 27th. This represents a $1.68 annualized dividend and a yield of 4.3%. Barrick Mining's dividend payout ratio (DPR) is currently 57.34%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research cut shares of Barrick Mining from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 7th. UBS Group cut their price target on shares of Barrick Mining from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, March 27th. JPMorgan Chase & Co. assumed coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They issued an "overweight" rating and a $68.00 price target for the company. Finally, Citigroup boosted their price target on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.17.

Barrick Mining Company Profile

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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