Barrick Mining Corporation $B is Sagil Capital LLP’s 2nd Largest Position

Sagil Capital LLP trimmed its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 40.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 480,000 shares of the gold and copper producer’s stock after selling 320,000 shares during the quarter. Barrick Mining makes up approximately 4.8% of Sagil Capital LLP’s investment portfolio, making the stock its 2nd largest position. Sagil Capital LLP’s holdings in Barrick Mining were worth $20,904,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Financial Consulate Inc. grew its holdings in Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after buying an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in Barrick Mining in the 4th quarter valued at $25,000. JPL Wealth Management LLC purchased a new stake in Barrick Mining in the 3rd quarter valued at $28,000. Laurel Wealth Advisors LLC purchased a new stake in Barrick Mining in the 4th quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Barrick Mining in the 3rd quarter valued at $31,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on B shares. Canaccord Genuity Group dropped their target price on Barrick Mining to $77.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce dropped their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. UBS Group upped their target price on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Barclays started coverage on Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Stock Performance

NYSE B opened at $39.14 on Friday. The stock has a market cap of $65.11 billion, a PE ratio of 10.81, a P/E/G ratio of 1.06 and a beta of 0.44. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a twelve month low of $20.35 and a twelve month high of $54.69. The stock has a fifty day simple moving average of $41.55 and a 200-day simple moving average of $43.87.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm’s quarterly revenue was up 66.7% on a year-over-year basis. Equities analysts anticipate that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued 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 1.8%. Barrick Mining’s dividend payout ratio is currently 19.34%.

Barrick Mining Company 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.