ANTIPODES PARTNERS Ltd Has $196.61 Million Stock Position in Barrick Mining Corporation (NYSE:B)

ANTIPODES PARTNERS Ltd boosted its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,112,758 shares of the gold and copper producer's stock after acquiring an additional 61,298 shares during the quarter. Barrick Mining accounts for approximately 6.2% of ANTIPODES PARTNERS Ltd's investment portfolio, making the stock its biggest holding. ANTIPODES PARTNERS Ltd owned 0.59% of Barrick Mining worth $196,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Penserra Capital Management LLC grew its position in 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 acquiring an additional 2,821 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in 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 acquiring an additional 9,149 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in 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 acquiring an additional 4,082 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Barrick Mining by 25.9% during the first quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer's stock valued at $5,663,000 after buying an additional 59,906 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Barrick Mining during the fourth quarter valued at approximately $19,505,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on B shares. BMO Capital Markets began coverage on Barrick Mining in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Scotiabank upped their price target on Barrick Mining from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Finally, Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.41.

Barrick Mining Trading Down 2.2%

Shares of NYSE B traded down $0.47 during trading on Monday, hitting $21.27. 5,971,726 shares of the company traded hands, compared to its average volume of 20,119,434. Barrick Mining Corporation has a 1 year low of $15.11 and a 1 year high of $21.95. The company has a 50-day moving average price of $20.54 and a 200-day moving average price of $19.01. The firm has a market capitalization of $36.29 billion, a P/E ratio of 16.00, a P/E/G ratio of 0.33 and a beta of 0.28. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $3.15 billion. During the same quarter in the previous year, the business posted $0.19 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. On average, equities analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.88%. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

Barrick Mining Company 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.