Headlands Technologies LLC Purchases Shares of 17,572 Barrick Mining Corporation (NYSE:B)

Key Points

• Headlands Technologies LLC acquired 17,572 shares of Barrick Mining Corporation for approximately $342,000 in the first quarter.
• Barrick Mining reported an EPS of $0.35 for the latest quarter, exceeding analysts' expectations of $0.29, with a year-over-year revenue increase of 13.9%.
• Analysts have mixed outlooks on Barrick Mining, with a consensus rating of "Moderate Buy" and an average target price of $24.41.

Headlands Technologies LLC purchased a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,572 shares of the gold and copper producer's stock, valued at approximately $342,000.

Several other hedge funds have also modified their holdings of B. Farther Finance Advisors LLC boosted its holdings in Barrick Mining by 21.8% in the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock valued at $62,000 after acquiring an additional 563 shares during the last quarter. Sapient Capital LLC boosted its holdings in Barrick Mining by 0.5% in the first quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock valued at $2,227,000 after acquiring an additional 624 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Barrick Mining by 2.5% in the first quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer's stock valued at $558,000 after acquiring an additional 710 shares during the last quarter. Nicholas Hoffman & Company LLC. boosted its holdings in Barrick Mining by 1.5% in the first quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer's stock valued at $924,000 after acquiring an additional 716 shares during the last quarter. Finally, Keystone Financial Group boosted its holdings in Barrick Mining by 1.4% in the fourth quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock valued at $874,000 after acquiring an additional 753 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Stock Down 0.9%

Shares of NYSE B traded down $0.23 during mid-day trading on Thursday, reaching $23.64. The company had a trading volume of 4,735,134 shares, compared to its average volume of 19,611,381. Barrick Mining Corporation has a twelve month low of $15.11 and a twelve month high of $24.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 3.21. The stock has a market capitalization of $40.32 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.36 and a beta of 0.27. The stock's 50 day moving average is $21.37 and its 200-day moving average is $19.55.

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

Analysts Set New Price Targets

A number of research analysts have commented on B shares. Scotiabank set a $26.00 price objective on Barrick Mining and gave the stock a "sector perform" rating in a research note on Wednesday. CIBC upgraded Barrick Mining from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Cibc World Mkts upgraded Barrick Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Finally, Wall Street Zen cut Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $24.77.

About Barrick Mining

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.