BOS Asset Management LLC Reduces Stake in Barrick Mining Corporation $B

BOS Asset Management LLC lowered its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,203 shares of the gold and copper producer’s stock after selling 14,021 shares during the period. BOS Asset Management LLC’s holdings in Barrick Mining were worth $2,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Barrick Mining by 22.8% in the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock worth $2,413,699,000 after purchasing an additional 10,287,544 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Barrick Mining by 10.9% during the first quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock valued at $1,615,225,000 after buying an additional 3,881,841 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Barrick Mining by 1.2% during the first quarter. The Manufacturers Life Insurance Company now owns 14,992,792 shares of the gold and copper producer’s stock valued at $612,067,000 after buying an additional 175,342 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Barrick Mining by 13.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,087,570 shares of the gold and copper producer’s stock worth $258,645,000 after buying an additional 824,520 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Barrick Mining by 25.9% in the 1st quarter. Swiss National Bank now owns 5,680,129 shares of the gold and copper producer’s stock worth $231,788,000 after buying an additional 1,167,000 shares in the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

B has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce set a $57.00 price target on shares of Barrick Mining in a report on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Bank of America dropped their target price on Barrick Mining from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Barrick Mining in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of Barrick Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.39.

Barrick Mining Stock Performance

NYSE B traded up $0.95 on Friday, hitting $40.94. 4,177,322 shares of the company traded hands, compared to its average volume of 12,419,280. The company has a market capitalization of $66.93 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.15 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $42.79 and its 200-day moving average price is $40.86. Barrick Mining Corporation has a 52-week low of $30.35 and a 52-week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Equities analysts expect that Barrick Mining Corporation will post 3.48 earnings per share for the current year.

Barrick Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 31st. Barrick Mining’s dividend payout ratio (DPR) is 18.04%.

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.