Keystone Financial Group Sells 12,552 Shares of Barrick Mining Corporation $B

Keystone Financial Group lessened its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,167 shares of the gold and copper producer’s stock after selling 12,552 shares during the period. Keystone Financial Group’s holdings in Barrick Mining were worth $1,619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bogart Wealth LLC lifted its holdings in shares of Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares during the last quarter. S.A. Mason LLC lifted its holdings in shares of Barrick Mining by 1.3% during the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after purchasing an additional 300 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Barrick Mining by 1.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after purchasing an additional 302 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of Barrick Mining by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 8,569 shares of the gold and copper producer’s stock valued at $373,000 after purchasing an additional 319 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Barrick Mining by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 8,300 shares of the gold and copper producer’s stock valued at $361,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining News Roundup

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Analyst-focused coverage said Barrick could have more than 50% upside, citing its very strong net income margin and roughly $5 billion in FY25 net income, reinforcing the case for continued earnings strength. Analysts See 50%+ Upside In Barrick Mining (B); Here’s What’s Driving It
• Positive Sentiment: Another analyst note and a Zacks article both described Barrick Mining as attractive on valuation and momentum, suggesting the stock is benefiting from stronger investor sentiment around gold-mining names. Here’s Why Barrick Mining (B) is a Strong Momentum Stock
• Positive Sentiment: Comparisons with Kinross Gold pointed to Barrick’s strong projects, rising cash flows, and growth prospects, which can support the stock as gold prices remain resilient. B vs. KGC: Which Gold Mining Stock Should You Bet on Now?
• Neutral Sentiment: RBC Capital reportedly reiterated a buy rating on Barrick, while another press item also repeated a bullish stance; these are supportive, but they do not appear to be new catalysts. RBC Capital Sticks to Their Buy Rating for Barrick Mining (B)
• Neutral Sentiment: Barrick’s reported plan for a North American IPO could eventually unlock value, but it is still early and investors may be waiting for more details before assigning full upside. Barrick Mining IPO Plan Highlights Valuation Gap And Investor Trade Offs
• Negative Sentiment: One report said Barrick is stepping up Ebola precautions at its Kibali mine, which may raise operational caution around a key asset, though there was no indication of a direct disruption. Barrick steps up Ebola precautions at Kibali mine

Analyst Ratings Changes

B has been the subject of several analyst reports. UBS Group increased their price objective on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. initiated coverage on Barrick Mining in a report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective for the company. Barclays set a $41.00 price objective on Barrick Mining in a report on Thursday. Canadian Imperial Bank of Commerce decreased their price objective on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. Finally, Citigroup raised their target price on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Stock Performance

Shares of B stock opened at $41.31 on Friday. The firm has a market capitalization of $69.22 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The business has a fifty day moving average of $41.36 and a 200 day moving average of $43.28. Barrick Mining Corporation has a 1 year low of $18.41 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business’s revenue for the quarter was up 66.7% compared to the same quarter last year. As a group, research analysts expect that Barrick Mining Corporation will post 3.7 earnings per share for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.175 per share. The ex-dividend date is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio (DPR) is presently 46.41%.

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.