Barrick Mining Corporation $B Shares Bought by Cetera Investment Advisers
Cetera Investment Advisers lifted its position in Barrick Mining Corporation (NYSE:B - Free Report) (TSE:ABX) by 31. 8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 331,723 shares of the gold and copper producer's stock after buyin
Cetera Investment Advisers lifted its position in Barrick Mining Corporation (NYSE:B-Free Report)TSE: ABXby 31. 8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 331,723 shares of the gold and copper producer's stock after buying an additional 79,967 shares during the period. Cetera Investment Advisers' holdings in Barrick Mining were worth $13,520,000 at the end of the most recent reporting period. GetBarrick Miningalerts:Powering Up: NextEra and Brookfield Build an Off-Grid EmpireSeveral other institutional investors have also modified their holdings of the company. CW Advisors LLC acquired a new position in Barrick Mining during the second quarter worth about $283,000. EverSource Wealth Advisors LLC bought a new position in shares of Barrick Mining in the second quarter valued at $53,000. First Trust Advisors LP bought a new stake in shares of Barrick Mining during the 2nd quarter worth $857,000. Baird Financial Group Inc. acquired a new position in shares of Barrick Mining in the 2nd quarter worth $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Barrick Mining in the 2nd quarter worth $543,000. Institutional investors and hedge funds own 90. 82% of the company's stock. Analysts Set New Price TargetsB has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce cut their target price on Barrick Mining to $63. 00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 21st. Citigroup restated a "positive" rating on shares of Barrick Mining in a report on Wednesday, July 15th. Bank of America decreased their target price on shares of Barrick Mining from $58. 00 to $56. 00 and set a "buy" rating for the company in a report on Thursday, July 9th. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 7th. Finally, Scotiabank cut their price target on shares of Barrick Mining from $63. 00 to $57. 00 and set a "sector outperform" rating on the stock in a report on Tuesday, July 14th. One investment 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 stock. According to MarketBeat, Barrick Mining has an average rating of "Moderate Buy" and a consensus price target of $52. 46. Why Bloom Energy May Be the Most Important AI Infrastructure StockView Our Latest Stock Analysis on Barrick MiningBarrick Mining Stock Down 1. 1%Shares ofBarrick Mining stockopened at $36. 30 on Thursday. The stock has a 50-day moving average price of $38. 65 and a 200 day moving average price of $42. 51. The company has a market cap of $60. 39 billion, a P/E ratio of 10. 03, a P/E/G ratio of 0. 78 and a beta of 0. 48. The company has a current ratio of 3. 06, a quick ratio of 2. 44 and a debt-to-equity ratio of 0. 13. Barrick Mining Corporation has a 1 year low of $20. 94 and a 1 year high of $54. 69. Meta’s AI Spending Problem Just Found a BlackRock SolutionBarrick Mining (NYSE:B-Get Free Report)TSE: ABXlast released its earnings results on Monday, May 11th. The gold and copper producer reported $0. 98 earnings per share for the quarter, beating the consensus estimate of $0. 80 by $0. 18. The company had revenue of $4. 11 billion for the quarter, compared to analysts' expectations of $4. 75 billion. Barrick Mining had a return on equity of 14. 81% and a net margin of 32. 14%. The business's revenue for the quarter was up 66. 7% on a year-over-year basis. As a group, analysts expect that Barrick Mining Corporation will post 3. 57 EPS for the current fiscal year. Barrick Mining Cuts DividendThe business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0. 175 per share. This represents a $0. 70 annualized dividend and a dividend yield of 1. 9%. The ex-dividend date was Friday, May 29th. Barrick Mining's dividend payout ratio (DPR) is currently 19. 34%. About Barrick Mining(Free Report)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. Further ReadingFive stocks we like better than Barrick MiningWhy SK hynix Could Be the Best AI Chip Stock to Buy NowSeagate Technology Stock Surges as Earnings Beat Silences AI DoubtersAlphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?Why Bloom Energy May Be the Most Important AI Infrastructure StockThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in Barrick Mining Right Now?Before you consider Barrick Mining, you'll want to hear this. 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