Assenagon Asset Management S.A. Has $1.52 Million Stake in Barrick Mining Corporation $B

Assenagon Asset Management S.A. trimmed its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 72.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 37,277 shares of the gold and copper producer’s stock after selling 96,686 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Barrick Mining were worth $1,519,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC increased its stake in Barrick Mining by 3.5% in the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after acquiring an additional 218 shares during the last quarter. Parvin Asset Management LLC increased its holdings in shares of Barrick Mining by 0.7% during the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after buying an additional 225 shares in the last quarter. Mmbg Investment Advisors CO. lifted its stake in shares of Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after acquiring an additional 254 shares during the last quarter. S.A. Mason LLC lifted its stake in shares of Barrick Mining by 1.3% in 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 acquiring an additional 300 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted 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 acquiring an additional 302 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Down 0.8%

Shares of Barrick Mining stock opened at $36.44 on Thursday. Barrick Mining Corporation has a one year low of $20.52 and a one year high of $54.69. 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 stock’s 50-day moving average is $40.56 and its 200 day moving average is $43.67. The firm has a market cap of $60.61 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 1.05 and a beta of 0.48.

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 for the quarter, topping analysts’ consensus estimates 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. Barrick Mining’s revenue was up 66.7% on a year-over-year basis. Equities research analysts anticipate that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on B. UBS Group dropped their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday. Canadian Imperial Bank of Commerce cut their price target 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 downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays began coverage on Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price for the company. Finally, Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.15.

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.