Aubrey Capital Management Ltd Decreases Stock Position in Barrick Mining Corporation $B

Aubrey Capital Management Ltd trimmed its position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 65.6% in the first quarter, Holdings Channel.com reports. The firm owned 8,000 shares of the gold and copper producer’s stock after selling 15,259 shares during the period. Aubrey Capital Management Ltd’s holdings in Barrick Mining were worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd lifted its holdings in Barrick Mining by 85.3% in the 4th quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock worth $1,311,169,000 after buying an additional 13,853,587 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Barrick Mining by 22.8% during the fourth quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock valued at $2,413,699,000 after acquiring an additional 10,287,544 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Barrick Mining during the second quarter valued at about $211,263,000. Canada Pension Plan Investment Board purchased a new stake in shares of Barrick Mining during the second quarter worth about $172,230,000. Finally, Mackenzie Financial Corp increased its position in shares of Barrick Mining by 61.9% during the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock worth $909,104,000 after acquiring an additional 7,870,411 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on B shares. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Barclays started coverage on Barrick Mining in a research note on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price objective for the company. Bank of America dropped their price objective on Barrick Mining from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Royal Bank Of Canada cut their target price on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Finally, ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target of $54.00.

Barrick Mining Price Performance

B opened at $36.48 on Wednesday. The company has a market capitalization of $60.69 billion, a P/E ratio of 10.08, a PEG ratio of 0.78 and a beta of 0.48. The company has a 50-day moving average of $40.05 and a 200-day moving average of $43.21. 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 Corporation has a 1-year low of $20.52 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The business’s revenue was up 66.7% compared to the same quarter last year. Equities analysts expect that Barrick Mining Corporation will post 3.63 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 1.9%. Barrick Mining’s dividend payout ratio is presently 19.34%.

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.