Allspring Global Investments Holdings LLC Has $20.41 Million Holdings in Barrick Mining Corporation (NYSE:B)

Allspring Global Investments Holdings LLC boosted its stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,038,059 shares of the gold and copper producer's stock after buying an additional 25,740 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Barrick Mining worth $20,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Barrick Mining by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after purchasing an additional 128,203 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Barrick Mining by 66.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer's stock worth $940,000 after acquiring an additional 24,176 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Barrick Mining by 14.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock valued at $1,141,000 after buying an additional 9,149 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Barrick Mining by 25.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer's stock valued at $5,663,000 after acquiring an additional 59,906 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Barrick Mining during the fourth quarter worth about $19,505,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Stock Performance

NYSE B traded up $0.39 during trading hours on Wednesday, hitting $21.24. The company had a trading volume of 9,765,837 shares, compared to its average volume of 3,756,438. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $47.50. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. The firm has a market cap of $36.41 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.33 and a beta of 0.28. The business has a fifty day simple moving average of $19.61 and a 200-day simple moving average of $18.29.

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

Barrick Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 30th. Barrick Mining's payout ratio is 30.08%.

Wall Street Analyst Weigh In

A number of brokerages have commented on B. Wall Street Zen lowered shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. BMO Capital Markets began coverage on Barrick Mining in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. National Bank Financial upgraded shares of Barrick Mining to a "hold" rating in a research note on Friday, March 21st. Stifel Canada upgraded shares of Barrick Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Raymond James Financial raised their price objective on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. Seven equities 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 stock. According to MarketBeat.com, Barrick Mining presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.05.

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.