Aurora Private Wealth Inc. Buys New Position in Barrick Mining Corporation (NYSE:B)

Aurora Private Wealth Inc. purchased a new position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,700 shares of the gold and copper producer's stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Checchi Capital Advisers LLC acquired a new position in Barrick Mining in the first quarter worth approximately $199,000. D.A. Davidson & CO. boosted its stake in shares of Barrick Mining by 72.2% during the 1st quarter. D.A. Davidson & CO. now owns 170,527 shares of the gold and copper producer's stock worth $3,315,000 after acquiring an additional 71,479 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Barrick Mining by 142.1% in the 1st quarter. Vontobel Holding Ltd. now owns 90,591 shares of the gold and copper producer's stock worth $1,759,000 after acquiring an additional 53,177 shares during the last quarter. Red Door Wealth Management LLC acquired a new stake in shares of Barrick Mining during the first quarter worth $539,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Barrick Mining by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,038,059 shares of the gold and copper producer's stock worth $20,408,000 after purchasing an additional 25,740 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Price Performance

Shares of NYSE:B opened at $21.45 on Friday. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.34 and a beta of 0.28. Barrick Mining Corporation has a 1 year low of $17.41 and a 1 year high of $47.50. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $19.74 and a 200 day simple moving average of $18.38.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The company had revenue of $3 billion for the quarter, compared to analyst estimates 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 was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS. As a group, sell-side analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's payout ratio is presently 30.08%.

Analysts Set New Price Targets

B has been the subject of a number of recent analyst reports. UBS Group increased their price target on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, April 11th. National Bank Financial upgraded shares of Barrick Mining to a "hold" rating in a report on Friday, March 21st. CIBC boosted their price target on shares of Barrick Mining from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Stifel Canada upgraded shares of Barrick Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Royal Bank Of Canada set a $26.00 price objective on shares of Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.