Rathbones Group PLC Sells 29,310 Shares of Barrick Mining Corporation $B

Key Points

• Rathbones Group PLC reduced its stake in Barrick Mining by 21.5% in Q4, selling 29,310 shares and leaving it with 107,173 shares valued at about $4.67 million per its latest 13F filing.
• Barrick Mining beat quarterly estimates with EPS of $1.04 (vs. $0.85) and revenue of $5.98 billion (up 44.6% year-over-year), and increased its quarterly dividend to $0.42 (annualized $1.68, ~4.1% yield).
• Analysts are generally bullish—Barrick has a consensus "Moderate Buy" rating and an average target price of $54.83, with several firms (Citigroup, CIBC, JPMorgan) recently raising ratings or targets.

Rathbones Group PLC lessened its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,173 shares of the gold and copper producer's stock after selling 29,310 shares during the quarter. Rathbones Group PLC's holdings in Barrick Mining were worth $4,672,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Arlington Trust Co LLC purchased a new position in shares of Barrick Mining in the third quarter worth $26,000. JPL Wealth Management LLC purchased a new position in shares of Barrick Mining in the third quarter worth $28,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Barrick Mining in the third quarter worth $31,000. Provenance Wealth Advisors LLC purchased a new position in shares of Barrick Mining in the third quarter worth $32,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of Barrick Mining in the second quarter worth $33,000. Institutional investors own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

B has been the subject of a number of research analyst reports. Citigroup raised their price target on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, February 9th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $71.00 price target on shares of Barrick Mining in a report on Wednesday, February 4th. JPMorgan Chase & Co. initiated coverage on shares of Barrick Mining in a report on Thursday, January 29th. They issued an "overweight" rating and a $68.00 price target for the company. DZ Bank raised shares of Barrick Mining to a "strong-buy" rating in a report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Barrick Mining in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Barrick Mining has a consensus rating of "Moderate Buy" and an average target price of $54.83.

Barrick Mining Stock Down 1.3%

NYSE:B opened at $41.09 on Tuesday. The firm has a market capitalization of $68.85 billion, a P/E ratio of 14.02, a PEG ratio of 1.36 and a beta of 0.50. Barrick Mining Corporation has a 1-year low of $17.00 and a 1-year high of $54.69. The company's fifty day moving average price is $45.08 and its 200-day moving average price is $41.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.19. The firm had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business's revenue was up 44.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $0.42 dividend. The ex-dividend date was Friday, February 27th. This is an increase from Barrick Mining's previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.1%. Barrick Mining's dividend payout ratio (DPR) is currently 57.34%.

Barrick Mining 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.