WINTON GROUP Ltd Sells 57,378 Shares of Barrick Mining Corporation $B

WINTON GROUP Ltd lessened its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 14.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,353 shares of the gold and copper producer’s stock after selling 57,378 shares during the quarter. WINTON GROUP Ltd’s holdings in Barrick Mining were worth $14,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its position in Barrick Mining by 35.9% during the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock valued at $3,340,709,000 after buying an additional 26,921,219 shares during the period. Ameriprise Financial Inc. purchased a new stake in Barrick Mining during the second quarter valued at about $211,263,000. Canada Pension Plan Investment Board purchased a new stake in Barrick Mining during the second quarter valued at about $172,230,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Barrick Mining by 664.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,013,464 shares of the gold and copper producer’s stock valued at $295,977,000 after buying an additional 7,833,887 shares during the period. Finally, Orbis Allan Gray Ltd purchased a new stake in Barrick Mining during the second quarter valued at about $131,221,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Performance

Barrick Mining stock opened at $39.42 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $41.56 and a 200-day moving average of $43.78. The firm has a market cap of $66.06 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.22 and a beta of 0.44. Barrick Mining Corporation has a 1-year low of $19.57 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm’s quarterly revenue was up 66.7% on a year-over-year basis. Sell-side analysts expect that Barrick Mining Corporation will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is currently 19.34%.

Analyst Ratings Changes

Several research firms have issued reports on B. Barclays began coverage on shares of Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price target for the company. UBS Group upped their price target 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. Weiss Ratings lowered shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Canaccord Genuity Group cut their price target on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Finally, Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.46.

Barrick Mining 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.