15,700 Shares in Barrick Mining Corporation (NYSE:B) Acquired by Aurora Private Wealth Inc.

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

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Barrick Mining by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock worth $1,060,036,000 after acquiring an additional 1,195,585 shares during the last quarter. Wellington Management Group LLP lifted its stake in Barrick Mining by 17.5% in the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after purchasing an additional 9,598,292 shares in the last quarter. Capital International Investors boosted its holdings 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 purchasing an additional 19,189,830 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Barrick Mining by 1.9% in the fourth quarter. Mackenzie Financial Corp now owns 15,318,376 shares of the gold and copper producer's stock valued at $237,280,000 after purchasing an additional 278,292 shares in the last quarter. Finally, Amundi increased its holdings in shares of Barrick Mining by 1.7% in the fourth quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock valued at $223,665,000 after purchasing an additional 236,116 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Trading Down 3.5%

Barrick Mining stock traded down $0.74 during midday trading on Friday, reaching $20.46. 12,865,342 shares of the stock traded hands, compared to its average volume of 3,635,181. 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 firm has a market cap of $35.07 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.34 and a beta of 0.27. The company has a 50-day simple moving average of $19.58 and a two-hundred day simple moving average of $18.21. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $47.50.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings data 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. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio is currently 30.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on B shares. BMO Capital Markets began coverage on Barrick Mining in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. UBS Group upped their price objective on shares of Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, April 11th. Stifel Canada upgraded shares of Barrick Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Wall Street Zen lowered shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Raymond James Financial increased their price target on shares of Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.05.

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.