Achmea Investment Management B.V. Raises Stake in Barrick Mining Corporation (NYSE:B)

Achmea Investment Management B.V. grew its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 45.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 825,528 shares of the gold and copper producer's stock after purchasing an additional 258,044 shares during the period. Achmea Investment Management B.V.'s holdings in Barrick Mining were worth $16,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in shares of Barrick Mining during the 4th quarter worth $26,000. Vega Investment Solutions purchased a new position in Barrick Mining during the fourth quarter worth about $31,000. Nexus Investment Management ULC purchased a new position in shares of Barrick Mining during the 1st quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Barrick Mining during the 4th quarter worth approximately $37,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Barrick Mining during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on B shares. Scotiabank raised their target price on Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. CIBC boosted their price objective on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. National Bank Financial upgraded shares of Barrick Mining to a "hold" rating in a research report on Friday, March 21st. Citigroup reduced their price objective on Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Finally, National Bankshares restated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.05.

Barrick Mining Trading Down 3.5%

Shares of NYSE B traded down $0.74 during midday trading on Friday, reaching $20.46. 12,865,342 shares of the stock were exchanged, compared to its average volume of 3,651,647. The company has a market capitalization of $35.07 billion, a P/E ratio of 15.38, a P/E/G ratio of 0.33 and a beta of 0.27. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a 52-week low of $17.41 and a 52-week high of $47.50. The stock has a 50 day moving average price of $19.58 and a 200-day moving average price of $18.23.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. Barrick Mining's payout ratio is 30.08%.

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.