SSA Swiss Advisors AG Invests $6.96 Million in Barrick Mining Corporation $B

SSA Swiss Advisors AG acquired a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 154,200 shares of the gold and copper producer’s stock, valued at approximately $6,964,000. Barrick Mining makes up approximately 3.2% of SSA Swiss Advisors AG’s portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. CW Advisors LLC bought a new position in Barrick Mining in the second quarter valued at approximately $283,000. EverSource Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $53,000. First Trust Advisors LP bought a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $857,000. Baird Financial Group Inc. acquired a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $2,569,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $543,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on B. Canadian Imperial Bank of Commerce lowered their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. 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. UBS Group boosted their price objective on shares of Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Barclays assumed coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and a consensus price target of $53.46.

Barrick Mining Stock Down 2.3%

B stock opened at $40.32 on Friday. Barrick Mining Corporation has a 1-year low of $20.35 and a 1-year high of $54.69. The business’s 50 day simple moving average is $41.53 and its 200 day simple moving average is $43.90. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $67.07 billion, a PE ratio of 11.14, a PEG ratio of 1.17 and a beta of 0.44.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results 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. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The company’s quarterly revenue was up 66.7% compared to the same quarter last year. As a group, research analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.175 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is presently 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.