Groupe la Francaise Grows Holdings in Barrick Mining Corporation $B

Groupe la Francaise boosted its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 40.0% during the first quarter, Holdings Channel.com reports. The fund owned 913,511 shares of the gold and copper producer’s stock after acquiring an additional 261,012 shares during the quarter. Groupe la Francaise’s holdings in Barrick Mining were worth $37,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in B. CW Advisors LLC bought a new position in shares of Barrick Mining in the second quarter worth approximately $283,000. EverSource Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the 2nd quarter valued at $53,000. First Trust Advisors LP bought a new stake in shares of Barrick Mining during the 2nd quarter valued at $857,000. Baird Financial Group Inc. purchased a new position in shares of Barrick Mining during the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC purchased a new position in shares of Barrick Mining during the 2nd quarter valued at $543,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on B shares. Wall Street Zen lowered Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Barclays lowered their price objective on Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Canadian Imperial Bank of Commerce cut their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada decreased their target price on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.46.

Barrick Mining Stock Performance

B opened at $37.66 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The stock has a market capitalization of $62.65 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.77 and a beta of 0.48. The company has a fifty day moving average of $38.57 and a 200 day moving average of $42.44. Barrick Mining Corporation has a fifty-two week low of $20.94 and a fifty-two week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. The business’s revenue was up 66.7% on a year-over-year basis. As a group, sell-side analysts forecast that Barrick Mining Corporation will post 3.57 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

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