Marathon Asset Management Ltd Sells 27,269 Shares of Barrick Mining Corporation (NYSE:B)

Marathon Asset Management Ltd lessened its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 10.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,886 shares of the gold and copper producer's stock after selling 27,269 shares during the period. Marathon Asset Management Ltd's holdings in Barrick Mining were worth $4,431,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of B. Charles Schwab Investment Management Inc. raised its position in Barrick Mining by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after buying an additional 128,203 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Barrick Mining in the 4th quarter valued at approximately $2,614,000. Steward Partners Investment Advisory LLC raised its position in Barrick Mining by 66.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer's stock valued at $940,000 after buying an additional 24,176 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Barrick Mining by 14.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock valued at $1,141,000 after buying an additional 9,149 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Barrick Mining by 10.7% in the 4th quarter. Principal Financial Group Inc. now owns 535,461 shares of the gold and copper producer's stock valued at $8,299,000 after buying an additional 51,848 shares during the last quarter. Institutional investors own 90.82% of the company's stock.

Barrick Mining Trading Down 3.5%

Shares of Barrick Mining stock opened at $20.46 on Friday. The stock has a fifty day simple moving average of $19.58 and a 200 day simple moving average of $18.23. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $47.50. The company has a market capitalization of $35.07 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 0.34 and a beta of 0.27. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.15 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. Barrick Mining's revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.96%. Barrick Mining's dividend payout ratio is presently 30.08%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets initiated coverage on Barrick Mining in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. Raymond James Financial upped their target price on Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday, March 31st. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. National Bank Financial upgraded Barrick Mining to a "hold" rating in a research report on Friday, March 21st. Finally, Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.05.

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.

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