Skylands Capital LLC Decreases Holdings in Barrick Mining Corporation (NYSE:B)

Skylands Capital LLC lowered its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 4.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 405,200 shares of the gold and copper producer's stock after selling 18,150 shares during the quarter. Barrick Mining makes up about 1.1% of Skylands Capital LLC's investment portfolio, making the stock its 27th largest holding. Skylands Capital LLC's holdings in Barrick Mining were worth $7,877,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $26,000. Vega Investment Solutions bought a new stake in Barrick Mining during the 4th quarter valued at approximately $31,000. Nexus Investment Management ULC bought a new stake in Barrick Mining during the 1st quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Barrick Mining during the 4th quarter worth approximately $37,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Barrick Mining during the 4th quarter worth approximately $39,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Up 0.1%

B traded up $0.02 during trading on Tuesday, hitting $20.84. 8,453,732 shares of the company's stock traded hands, compared to its average volume of 3,722,661. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 0.33 and a beta of 0.28. The company's 50 day simple moving average is $19.61 and its two-hundred day simple moving average is $18.29. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $47.50. 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, beating analysts' consensus estimates of $0.29 by $0.06. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the company posted $0.19 earnings per share. The company's quarterly revenue was up 13.9% on a year-over-year basis. Analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's dividend payout ratio is currently 30.08%.

Wall Street Analyst Weigh In

B has been the subject of a number of research analyst reports. Stifel Canada upgraded Barrick Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Wall Street Zen lowered Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Royal Bank Of Canada increased their price target on shares of Barrick Mining from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, CIBC boosted their price objective 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. Seven equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.05.

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.