Lafayette Investments Inc. Sells 12,221 Shares of Barrick Mining Corporation (NYSE:B)

Lafayette Investments Inc. decreased its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 331,966 shares of the gold and copper producer's stock after selling 12,221 shares during the period. Barrick Mining accounts for about 1.4% of Lafayette Investments Inc.'s holdings, making the stock its 20th biggest holding. Lafayette Investments Inc.'s holdings in Barrick Mining were worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in B. Crowley Wealth Management Inc. bought a new position in shares of Barrick Mining in the 4th quarter worth about $26,000. Vega Investment Solutions bought a new position in shares of Barrick Mining during the 4th quarter worth approximately $31,000. Nexus Investment Management ULC acquired a new stake in Barrick Mining in the first quarter worth $32,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Barrick Mining during the 4th quarter worth about $37,000. Finally, Ameriflex Group Inc. acquired a new position in Barrick Mining during the 4th quarter worth approximately $39,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Price Performance

Shares of NYSE B opened at $21.17 on Friday. The stock's 50-day simple moving average is $19.58 and its two-hundred day simple moving average is $18.21. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $47.50. The firm has a market capitalization of $36.30 billion, a P/E ratio of 15.92, a P/E/G ratio of 0.33 and a beta of 0.27. 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 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the prior year, the business earned $0.19 earnings per share. Barrick Mining's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's dividend payout ratio is currently 30.08%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on B shares. BMO Capital Markets initiated coverage on shares of Barrick Mining in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. Royal Bank Of Canada lifted their target price on shares of Barrick Mining from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Citigroup reduced their target price on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. National Bank Financial raised Barrick Mining to a "hold" rating in a report on Friday, March 21st. Finally, Wall Street Zen lowered shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Mining currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.

About Barrick Mining

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.

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