Hussman Strategic Advisors Inc. Sells 92,000 Shares of Barrick Mining Corporation $B

Hussman Strategic Advisors Inc. cut its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 60.1% in the 4th quarter, Holdings Channel reports. The firm owned 61,000 shares of the gold and copper producer’s stock after selling 92,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Barrick Mining were worth $2,657,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital International Investors raised its holdings in Barrick Mining by 35.9% in the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after purchasing an additional 26,921,219 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Barrick Mining by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 70,878,168 shares of the gold and copper producer’s stock worth $2,327,991,000 after buying an additional 767,544 shares during the period. TD Asset Management Inc grew its position in shares of Barrick Mining by 3.8% in the 3rd quarter. TD Asset Management Inc now owns 19,309,335 shares of the gold and copper producer’s stock worth $634,346,000 after buying an additional 715,151 shares during the period. CIBC Asset Management Inc grew its position in shares of Barrick Mining by 316.0% in the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after buying an additional 13,891,886 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Barrick Mining by 7.6% in the 3rd quarter. Mackenzie Financial Corp now owns 12,721,334 shares of the gold and copper producer’s stock worth $417,739,000 after buying an additional 893,630 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce reduced their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 21st. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Friday, March 27th. Finally, Scotiabank upped their target price on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.17.

Barrick Mining Stock Performance

Shares of B stock opened at $38.79 on Friday. Barrick Mining Corporation has a one year low of $17.41 and a one year high of $54.69. The company’s 50-day moving average is $42.85 and its 200 day moving average is $42.36. The company has a market capitalization of $64.99 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. Sell-side analysts expect that Barrick Mining Corporation will post 3.56 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.42 per share. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 annualized dividend and a yield of 4.3%. Barrick Mining’s payout ratio is currently 57.34%.

About Barrick Mining

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.