Aurora Private Wealth Inc. bought a new position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,890 shares of the gold and copper producer's stock, valued at approximately $372,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $25,000. Crowley Wealth Management Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $26,000. Ameriflex Group Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $27,000. Trifecta Capital Advisors LLC acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $27,000. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 90.82% of the company's stock.
Analyst Ratings Changes
B has been the topic of several recent research reports. Scotiabank boosted their price target on shares of Barrick Mining from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 13th. Raymond James Financial boosted their price target on shares of Barrick Mining from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. BMO Capital Markets reissued a "market perform" rating on shares of Barrick Mining in a research report on Monday, September 22nd. CIBC reissued an "outperform" rating on shares of Barrick Mining in a research report on Monday, September 22nd. Finally, Zacks Research cut shares of Barrick Mining from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.50.
Get Our Latest Analysis on Barrick Mining
Barrick Mining Trading Down 2.6%
NYSE B opened at $33.03 on Friday. The firm's 50-day moving average is $28.35 and its two-hundred day moving average is $22.83. Barrick Mining Corporation has a 12 month low of $15.11 and a 12 month high of $36.10. 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 stock has a market capitalization of $56.24 billion, a P/E ratio of 20.77, a PEG ratio of 0.56 and a beta of 0.30.
Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.60 billion. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current year.
Barrick Mining Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 29th. Barrick Mining's dividend payout ratio is currently 37.74%.
About Barrick Mining
(
Free Report)
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.
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