Maj Invest Holding A S Sells 15,560 Shares of Barrick Mining Corporation (NYSE:B)

Maj Invest Holding A S decreased its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 449,139 shares of the gold and copper producer's stock after selling 15,560 shares during the period. Barrick Mining makes up about 0.3% of Maj Invest Holding A S's holdings, making the stock its 22nd largest holding. Maj Invest Holding A S's holdings in Barrick Mining were worth $8,731,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Barrick Mining by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,587,147 shares of the gold and copper producer's stock worth $24,601,000 after buying an additional 54,182 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Barrick Mining by 204.2% in the fourth quarter. Jones Financial Companies Lllp now owns 41,399 shares of the gold and copper producer's stock worth $642,000 after buying an additional 27,788 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Barrick Mining by 66.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer's stock worth $940,000 after buying an additional 24,176 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Barrick Mining by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock worth $78,637,000 after buying an additional 128,203 shares during the period. Finally, M&T Bank Corp increased its holdings in shares of Barrick Mining by 2.6% in the fourth quarter. M&T Bank Corp now owns 46,320 shares of the gold and copper producer's stock worth $718,000 after buying an additional 1,179 shares during the period. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Up 0.8%

Shares of Barrick Mining stock traded up $0.17 during midday trading on Wednesday, hitting $20.90. The company had a trading volume of 7,827,690 shares, compared to its average volume of 3,975,348. The stock has a market capitalization of $35.83 billion, a P/E ratio of 15.71, a P/E/G ratio of 0.33 and a beta of 0.28. Barrick Mining Corporation has a 52-week low of $17.41 and a 52-week high of $47.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87. The company has a 50 day moving average of $19.82 and a 200 day moving average of $18.48.

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

Barrick Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.91%. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Raymond James Financial lifted their price objective on Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. UBS Group upped their price target on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, April 11th. CIBC upped their price target on Barrick Mining from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Citigroup lowered their price target on Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Finally, Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Barrick Mining has a consensus rating of "Moderate Buy" and an average 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.