Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 180,000 Shares of Barrick Mining Corporation (NYSE:B)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 32.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 373,820 shares of the gold and copper producer's stock after selling 180,000 shares during the period. Barrick Mining makes up about 4.0% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's portfolio, making the stock its 3rd largest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Barrick Mining were worth $7,267,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of B. Crowley Wealth Management Inc. purchased a new position in Barrick Mining in the 4th quarter valued at about $26,000. Nexus Investment Management ULC purchased a new position in Barrick Mining in the 1st quarter valued at about $32,000. Vega Investment Solutions purchased a new position in Barrick Mining in the 4th quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB lifted its stake in Barrick Mining by 55.8% in 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 in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Barrick Mining in the 4th quarter worth approximately $37,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. National Bankshares reissued an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Citigroup reduced their price target on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Scotiabank lifted their price target on shares of Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. BMO Capital Markets began coverage on shares of Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, National Bank Financial raised shares of Barrick Mining to a "hold" rating in a research report on Friday, March 21st. 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's stock. Based on data from MarketBeat, Barrick Mining currently has a consensus rating of "Moderate Buy" and an average price target of $24.41.

Barrick Mining Stock Performance

Shares of NYSE:B traded down $0.02 on Friday, reaching $20.80. The company's stock had a trading volume of 682,570 shares, compared to its average volume of 4,293,441. The stock's 50-day moving average is $20.13 and its two-hundred day moving average is $18.72. 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 current ratio of 2.87 and a quick ratio of 2.16. The stock has a market capitalization of $35.48 billion, a P/E ratio of 15.63, a PEG ratio of 0.34 and a beta of 0.28.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business posted $0.19 earnings per share. The business's revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.92%. Barrick Mining's dividend payout ratio is presently 30.08%.

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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