Jupiter Asset Management Ltd. Trims Holdings in Barrick Mining Corporation $B

Jupiter Asset Management Ltd. decreased its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,698 shares of the gold and copper producer’s stock after selling 86,008 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Barrick Mining were worth $19,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Savant Capital LLC raised its position in Barrick Mining by 9.7% in the 4th quarter. Savant Capital LLC now owns 27,619 shares of the gold and copper producer’s stock valued at $1,203,000 after purchasing an additional 2,445 shares during the last quarter. Intech Investment Management LLC raised its position in Barrick Mining by 29.4% in the 4th quarter. Intech Investment Management LLC now owns 426,786 shares of the gold and copper producer’s stock valued at $18,616,000 after purchasing an additional 96,992 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in Barrick Mining in the 4th quarter valued at $253,000. Arista Wealth Management LLC purchased a new stake in Barrick Mining in the 4th quarter valued at $305,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Barrick Mining in the 4th quarter valued at $237,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of B opened at $42.63 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The stock has a market capitalization of $71.42 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.10 and a beta of 0.41. The company’s fifty day moving average is $41.17 and its two-hundred day moving average is $43.58. Barrick Mining Corporation has a 1 year low of $18.83 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.18. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. On average, sell-side analysts predict that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The company 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 $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Barrick Mining’s payout ratio is currently 46.41%.

Analyst Upgrades and Downgrades

Several research firms recently commented on B. UBS Group upped their price target on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings downgraded shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Canaccord Genuity Group reduced their price target on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.46.

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.