Kopernik Global Investors LLC Cuts Stock Position in Barrick Mining Corporation $B

Kopernik Global Investors LLC lessened its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,044 shares of the gold and copper producer’s stock after selling 30,007 shares during the quarter. Barrick Mining accounts for 1.6% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 18th largest position. Kopernik Global Investors LLC’s holdings in Barrick Mining were worth $22,844,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. First Trust Advisors LP boosted its holdings in shares of Barrick Mining by 34.0% in the 1st quarter. First Trust Advisors LP now owns 197,806 shares of the gold and copper producer’s stock worth $8,078,000 after buying an additional 50,223 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Barrick Mining by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 37,706 shares of the gold and copper producer’s stock worth $1,538,000 after buying an additional 1,520 shares during the last quarter. Amova Asset Management Americas Inc. increased its holdings in Barrick Mining by 7.0% during the first quarter. Amova Asset Management Americas Inc. now owns 90,064 shares of the gold and copper producer’s stock worth $3,675,000 after buying an additional 5,867 shares during the last quarter. Parallel Advisors LLC raised its position in Barrick Mining by 35.1% in the first quarter. Parallel Advisors LLC now owns 7,066 shares of the gold and copper producer’s stock worth $288,000 after acquiring an additional 1,837 shares during the period. Finally, AlphaCentric Advisors LLC raised its position in Barrick Mining by 63.4% in the first quarter. AlphaCentric Advisors LLC now owns 6,173 shares of the gold and copper producer’s stock worth $252,000 after acquiring an additional 2,396 shares during the period. Institutional investors own 90.82% of the company’s stock.

Key Headlines Impacting Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Barrick’s investment in Kingfisher Metals boosts its exposure to a prospective exploration asset and may support future discovery upside. Barrick Announces Investment in Kingfisher Metals
• Positive Sentiment: The company’s new stake could strengthen technical collaboration with Kingfisher and broaden Barrick’s strategic pipeline beyond existing operations. Barrick Mining to Acquire 9.9% Stake in Kingfisher Via $14.83M Deal
• Neutral Sentiment: Coverage on Barrick’s mining operations kept the company in focus, but did not include a major new operational update or financial guidance change. Barrick Mining (NYSE:B) Mining Operations Gain Market Focus
• Neutral Sentiment: JPMorgan lowered its price target to $50 from $58 while keeping an overweight rating, which may temper enthusiasm but still implies upside from current levels. Barrick price target lowered by JPMorgan Chase & Co.

Wall Street Analysts Forecast Growth

B has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their target price on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Scotiabank decreased their price target on shares of Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price target on shares of Barrick Mining from $58.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group dropped their price objective on Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and an average price target of $52.46.

Barrick Mining Trading Up 3.1%

Shares of Barrick Mining stock opened at $37.51 on Thursday. Barrick Mining Corporation has a 52-week low of $20.94 and a 52-week high of $54.69. The stock’s 50-day simple moving average is $39.05 and its 200 day simple moving average is $42.84. The stock has a market capitalization of $62.40 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating the consensus estimate of $0.80 by $0.18. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s revenue for the quarter was up 66.7% on a year-over-year basis. As a group, research analysts anticipate that Barrick Mining Corporation will post 3.61 EPS for the current year.

Barrick Mining Cuts Dividend

The firm also recently declared 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 1.9%. 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.