Maj Invest Holding A S Trims Stock Position in Barrick Mining Corporation (NYSE:B)

Maj Invest Holding A S lessened its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,139 shares of the gold and copper producer's stock after selling 15,560 shares during the period. Barrick Mining accounts for approximately 0.3% of Maj Invest Holding A S's investment portfolio, making the stock its 22nd biggest position. Maj Invest Holding A S's holdings in Barrick Mining were worth $8,731,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its stake in shares of Barrick Mining by 21.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock valued at $62,000 after buying an additional 563 shares during the period. Sapient Capital LLC grew its position in Barrick Mining by 0.5% in the first quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock worth $2,227,000 after acquiring an additional 624 shares during the period. Keystone Financial Group grew its position in Barrick Mining by 1.4% in the fourth quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock worth $874,000 after acquiring an additional 753 shares during the period. Edge Wealth Management LLC grew its holdings in shares of Barrick Mining by 6.1% during the 1st quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock worth $255,000 after purchasing an additional 755 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Barrick Mining by 55.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,193 shares of the gold and copper producer's stock worth $43,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 90.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. CIBC increased their target price on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. National Bank Financial raised shares of Barrick Mining to a "hold" rating in a research report on Friday, March 21st. Stifel Canada raised shares of Barrick Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, 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. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.05.

Barrick Mining Stock Up 0.7%

Shares of B traded up $0.15 during midday trading on Monday, hitting $21.61. The company had a trading volume of 9,899,713 shares, compared to its average volume of 3,871,814. The company's 50-day simple moving average is $19.74 and its 200-day simple moving average is $18.42. 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 firm has a market capitalization of $37.05 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.34 and a beta of 0.28. Barrick Mining Corporation has a 1 year low of $17.41 and a 1 year high of $47.50.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced 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. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter last year, the business posted $0.19 EPS. The business's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. Barrick Mining's dividend payout ratio (DPR) is currently 30.08%.

Barrick Mining 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.