Y Intercept Hong Kong Ltd Takes Position in Barrick Mining Corporation $B

Y Intercept Hong Kong Ltd purchased a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 431,177 shares of the gold and copper producer’s stock, valued at approximately $17,588,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its holdings in Barrick Mining by 3.5% in the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after purchasing an additional 218 shares during the period. Parvin Asset Management LLC raised its holdings in shares of Barrick Mining by 0.7% during the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after purchasing an additional 225 shares during the period. Silver Oak Securities Incorporated lifted its position in shares of Barrick Mining by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after buying an additional 246 shares during the last quarter. Mmbg Investment Advisors CO. lifted its position in shares of Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after buying an additional 254 shares during the last quarter. Finally, S.A. Mason LLC boosted its holdings in shares of Barrick Mining by 1.3% in the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after buying an additional 300 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. 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 objective for the company. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. UBS Group decreased their target price on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday. Canadian Imperial Bank of Commerce lowered their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a report on Tuesday, April 21st. Finally, ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.15.

Barrick Mining Stock Performance

Shares of B opened at $38.22 on Friday. Barrick Mining Corporation has a 1 year low of $20.52 and a 1 year high of $54.69. The company has a market cap of $63.57 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.04 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. The firm has a fifty day moving average of $40.52 and a 200-day moving average of $43.64.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data 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. 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 company’s revenue for the quarter was up 66.7% on a year-over-year basis. As a group, equities analysts anticipate that Barrick Mining Corporation will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.175 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.8%. Barrick Mining’s dividend payout ratio is 19.34%.

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.