Barrick Mining Corporation (NYSE:B) Stock Holdings Trimmed by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 32.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 373,820 shares of the gold and copper producer’s stock after selling 180,000 shares during the period. Barrick Mining makes up approximately 4.0% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s portfolio, making the stock its 3rd biggest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Barrick Mining were worth $7,267,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Penserra Capital Management LLC raised its stake in shares of Barrick Mining by 1,919.0% in the 1st quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer’s stock valued at $56,000 after acquiring an additional 2,821 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Barrick Mining by 14.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer’s stock worth $1,141,000 after acquiring an additional 9,149 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Barrick Mining by 24.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer’s stock worth $404,000 after acquiring an additional 4,082 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Barrick Mining by 25.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer’s stock worth $5,663,000 after acquiring an additional 59,906 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Barrick Mining in the 4th quarter valued at about $19,505,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on B. BMO Capital Markets began coverage on shares of Barrick Mining in a report on Wednesday, April 16th. They issued a “market perform” rating for the company. Raymond James Financial boosted their price target on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an “outperform” rating in a research report on Monday, March 31st. Scotiabank boosted their price target on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th. Finally, Citigroup dropped their price target on shares of Barrick Mining from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and an average price target of $24.41.

Barrick Mining Trading Down 0.1%

Shares of Barrick Mining stock traded down $0.02 during trading on Friday, hitting $20.80. The stock had a trading volume of 682,570 shares, compared to its average volume of 4,293,441. The stock has a 50 day simple moving average of $20.13 and a 200 day simple moving average of $18.72. The company has a market capitalization of $35.48 billion, a PE ratio of 15.63, a P/E/G ratio of 0.34 and a beta of 0.28. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a 1 year low of $17.41 and a 1 year high of $47.50.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, research analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.92%. Barrick Mining’s payout ratio is 30.08%.

Barrick Mining Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.