SBI Securities Co. Ltd. Sells 22,997 Shares of Barrick Mining Corporation $B

SBI Securities Co. Ltd. reduced its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 380,486 shares of the gold and copper producer’s stock after selling 22,997 shares during the period. SBI Securities Co. Ltd.’s holdings in Barrick Mining were worth $16,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors increased its holdings in Barrick Mining by 35.9% during 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. increased its holdings in Barrick Mining by 1.1% during 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 purchasing an additional 767,544 shares in the last quarter. TD Asset Management Inc increased its holdings in Barrick Mining by 3.8% during 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 purchasing an additional 715,151 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Barrick Mining by 316.0% during 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 purchasing an additional 13,891,886 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Barrick Mining by 7.6% during 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 purchasing an additional 893,630 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

Barrick Mining Price Performance

Shares of NYSE B opened at $38.72 on Wednesday. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $54.69. The stock’s 50 day moving average price is $42.67 and its 200-day moving average price is $42.45. The company has a market capitalization of $64.88 billion, a PE ratio of 13.22, a PEG ratio of 1.14 and a beta of 0.41. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results 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. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. The business’s revenue was up 44.6% compared to the same quarter last year. On average, equities analysts anticipate that Barrick Mining Corporation will post 3.56 EPS for the current 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 paid a $0.42 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 4.3%. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on B shares. Citigroup boosted their price objective on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. JPMorgan Chase & Co. assumed coverage on Barrick Mining in a research note on Thursday, January 29th. They issued an “overweight” rating and a $68.00 target price on the stock. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, UBS Group cut their target price on Barrick Mining from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $54.17.

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.