36,112 Shares in Barrick Mining Corporation $B Bought by Bay Capital Advisors LLC

Bay Capital Advisors LLC acquired a new position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,112 shares of the gold and copper producer's stock, valued at approximately $752,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC lifted its position in shares of Barrick Mining by 1,919.0% during the 1st quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer's stock worth $56,000 after buying an additional 2,821 shares during the last quarter. Hedges Asset Management LLC bought a new stake in shares of Barrick Mining during the 2nd quarter worth $1,249,000. Chemistry Wealth Management LLC bought a new stake in shares of Barrick Mining during the 2nd quarter worth $246,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Barrick Mining by 14.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock worth $1,141,000 after buying an additional 9,149 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Barrick Mining by 24.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer's stock worth $404,000 after buying an additional 4,082 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Bank of America increased their target price on Barrick Mining from $29.00 to $34.00 and gave the company a "neutral" rating in a research report on Friday. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group increased their target price on Barrick Mining from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Friday. Raymond James Financial increased their target price on Barrick Mining from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Monday. Finally, National Bank Financial upgraded Barrick Mining from a "sector perform" rating to an "outperform" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.33.

Barrick Mining Trading Up 7.2%

Shares of B stock opened at $35.37 on Tuesday. The stock has a market cap of $60.23 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 0.58 and a beta of 0.27. The stock has a 50-day moving average of $25.12 and a 200-day moving average of $21.54. 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 1-year low of $15.11 and a 1-year high of $35.70.

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 for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.60 billion. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.60 annualized dividend and a yield of 1.7%. Barrick Mining's dividend payout ratio (DPR) is currently 37.74%.

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.

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