Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Makes New Investment in Barrick Mining Corporation $B

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 21,870 shares of the gold and copper producer’s stock, valued at approximately $952,000. Barrick Mining makes up approximately 1.5% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s investment portfolio, making the stock its 18th biggest holding.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new position in Barrick Mining during the 4th quarter worth $25,000. Financial Consulate Inc. grew its holdings in Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after acquiring an additional 521 shares during the period. Laurel Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the 4th quarter valued at $30,000. Lodestone Wealth Management LLC bought a new stake in shares of Barrick Mining during the 4th quarter valued at $35,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Barrick Mining during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $41.76 on Friday. Barrick Mining Corporation has a 52 week low of $18.83 and a 52 week high of $54.69. The stock has a market capitalization of $69.96 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.09 and a beta of 0.41. 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 firm has a fifty day moving average of $41.12 and a two-hundred day moving average of $43.59.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.75 billion. The company’s quarterly revenue was up 66.7% on a year-over-year basis. As a group, equities research analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.175 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is currently 46.41%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce dropped their target price on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. Canaccord Genuity Group dropped their target price on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, UBS Group upped their target price on shares of Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average target price of $53.46.

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.