Auto Owners Insurance Co Has $20.41 Million Stock Holdings in Barrick Mining Corporation (NYSE:B)

Auto Owners Insurance Co grew its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 10,194.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,050,000 shares of the gold and copper producer's stock after acquiring an additional 1,039,800 shares during the quarter. Auto Owners Insurance Co owned about 0.06% of Barrick Mining worth $20,412,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Barrick Mining by 9.5% in the 4th quarter. American Century Companies Inc. now owns 2,159,280 shares of the gold and copper producer's stock worth $33,472,000 after buying an additional 187,551 shares in the last quarter. Sei Investments Co. raised its stake in shares of Barrick Mining by 3.2% in the 4th quarter. Sei Investments Co. now owns 792,553 shares of the gold and copper producer's stock worth $12,285,000 after buying an additional 24,526 shares in the last quarter. LPL Financial LLC raised its stake in shares of Barrick Mining by 5.3% in the 4th quarter. LPL Financial LLC now owns 656,707 shares of the gold and copper producer's stock worth $10,179,000 after buying an additional 33,206 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Barrick Mining by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock worth $1,060,036,000 after buying an additional 1,195,585 shares in the last quarter. Finally, Bay Capital Advisors LLC bought a new stake in shares of Barrick Mining in the 4th quarter worth $560,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Mining Stock Up 1.1%

NYSE B traded up $0.24 on Friday, reaching $21.78. The stock had a trading volume of 13,246,734 shares, compared to its average volume of 9,392,584. The business has a 50 day moving average price of $20.54 and a 200 day moving average price of $18.96. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a 1 year low of $15.11 and a 1 year high of $21.95. The company has a market capitalization of $37.15 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 0.33 and a beta of 0.28.

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 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business's quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.84%. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on B. UBS Group boosted their price objective on Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. BMO Capital Markets assumed coverage on Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. CIBC boosted their target price on Barrick Mining from $24.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Raymond James Financial boosted their target price on Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Barrick Mining has an average rating of "Moderate Buy" and an average price target of $24.41.

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.