Atria Wealth Solutions Inc. Sells 13,610 Shares of Barrick Mining Corporation $B

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Barrick Mining Corporation by 40.8%, holding 19,756 shares valued at approximately $384,000 after selling 13,610 shares in the first quarter.
• Institutional investors collectively own 90.82% of Barrick Mining's stock, with Capital International Investors increasing its position by 136.1% in the last quarter.
• Recent analyst ratings for Barrick Mining show a mix of opinions, with one firm raising its rating to "strong-buy" and setting a price objective of $26.00, while the average target price remains at $24.77.

Atria Wealth Solutions Inc. lessened its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 40.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,756 shares of the gold and copper producer's stock after selling 13,610 shares during the period. Atria Wealth Solutions Inc.'s holdings in Barrick Mining were worth $384,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors grew its position in shares of Barrick Mining by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after buying an additional 19,189,830 shares during the period. TD Asset Management Inc boosted its stake in Barrick Mining by 1.6% in the first quarter. TD Asset Management Inc now owns 17,950,892 shares of the gold and copper producer's stock valued at $348,479,000 after acquiring an additional 275,015 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Barrick Mining by 1.9% during the 1st quarter. Mackenzie Financial Corp now owns 15,614,848 shares of the gold and copper producer's stock worth $303,161,000 after acquiring an additional 296,472 shares during the period. Ruffer LLP raised its position in shares of Barrick Mining by 1.5% during the 1st quarter. Ruffer LLP now owns 10,426,795 shares of the gold and copper producer's stock valued at $202,701,000 after acquiring an additional 156,947 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its position in shares of Barrick Mining by 0.6% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 10,112,758 shares of the gold and copper producer's stock valued at $196,608,000 after acquiring an additional 61,298 shares during the last quarter. Institutional investors own 90.82% of the company's stock.

Barrick Mining Price Performance

Barrick Mining stock traded down $0.05 during mid-day trading on Tuesday, reaching $24.21. 3,453,757 shares of the company were exchanged, compared to its average volume of 19,436,057. The firm has a market cap of $41.30 billion, a PE ratio of 15.19, a PEG ratio of 0.37 and a beta of 0.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. The company has a fifty day simple moving average of $21.60 and a 200-day simple moving average of $19.76. Barrick Mining Corporation has a 12 month low of $15.11 and a 12 month high of $24.48.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Cibc World Mkts raised shares of Barrick Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Wall Street Zen cut Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Scotiabank increased their price target on Barrick Mining from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 13th. CIBC upgraded Barrick Mining from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Barrick Mining currently has an average rating of "Moderate Buy" and a consensus target price of $24.77.

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.