16,888 Shares in Barrick Mining Corporation $B Purchased by Fiduciary Financial Group LLC

Key Points

• Fiduciary Financial Group LLC acquired 16,888 shares of Barrick Mining Corporation, valued at approximately $352,000, marking a new investment for the firm.
• Shares of Barrick Mining are currently priced at $29.05, with the company reporting a revenue increase of 16.4% year-over-year in its latest quarterly earnings results.
• Institutional investors own 90.82% of Barrick Mining's stock, highlighting significant interest from hedge funds and other investment firms.

Fiduciary Financial Group LLC purchased a new position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,888 shares of the gold and copper producer's stock, valued at approximately $352,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in B. Focus Partners Wealth increased its stake in shares of Barrick Mining by 40.8% during the 4th quarter. Focus Partners Wealth now owns 44,211 shares of the gold and copper producer's stock worth $685,000 after purchasing an additional 12,815 shares during the last quarter. Toronto Dominion Bank grew its holdings in Barrick Mining by 26.5% during the fourth quarter. Toronto Dominion Bank now owns 7,635,073 shares of the gold and copper producer's stock worth $118,269,000 after purchasing an additional 1,599,259 shares during the period. State of Wyoming increased its position in Barrick Mining by 50.1% during the fourth quarter. State of Wyoming now owns 41,102 shares of the gold and copper producer's stock worth $637,000 after buying an additional 13,714 shares during the last quarter. Two Sigma Investments LP raised its stake in Barrick Mining by 5.6% in the fourth quarter. Two Sigma Investments LP now owns 2,700,606 shares of the gold and copper producer's stock valued at $41,859,000 after buying an additional 142,697 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Barrick Mining by 7.4% in the fourth quarter. Two Sigma Advisers LP now owns 3,875,500 shares of the gold and copper producer's stock valued at $60,070,000 after buying an additional 266,900 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Stock Down 1.2%

Shares of B opened at $29.05 on Friday. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a 12 month low of $15.11 and a 12 month high of $29.79. The firm's 50 day moving average is $23.94 and its 200-day moving average is $20.98. The stock has a market capitalization of $49.47 billion, a PE ratio of 18.27, a P/E/G ratio of 0.54 and a beta of 0.28.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The business had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.60 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.15 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Barrick Mining's dividend payout ratio (DPR) is presently 37.74%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. CIBC raised shares of Barrick Mining from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research lowered shares of Barrick Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Cibc World Mkts upgraded shares of Barrick Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Wall Street Zen cut Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Scotiabank increased their target price on Barrick Mining from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.94.

Barrick Mining Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

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