Axxcess Wealth Management LLC bought a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,800 shares of the gold and copper producer's stock, valued at approximately $225,000.
A number of other institutional investors also recently modified their holdings of B. Farther Finance Advisors LLC raised its position in Barrick Mining by 21.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock worth $62,000 after purchasing an additional 563 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Barrick Mining by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer's stock worth $558,000 after purchasing an additional 710 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in Barrick Mining by 1.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer's stock worth $924,000 after purchasing an additional 716 shares during the last quarter. Wedbush Securities Inc. raised its position in Barrick Mining by 5.9% in the 1st quarter. Wedbush Securities Inc. now owns 18,629 shares of the gold and copper producer's stock worth $362,000 after purchasing an additional 1,031 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Barrick Mining by 0.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 287,668 shares of the gold and copper producer's stock worth $5,592,000 after purchasing an additional 1,035 shares during the last quarter. Institutional investors own 90.82% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on B shares. UBS Group boosted their price objective on shares of Barrick Mining from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Barrick Mining from $34.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 22nd. Raymond James Financial set a $40.00 price objective on shares of Barrick Mining and gave the stock an "outperform" rating in a research report on Friday, October 10th. TD Securities lifted their target price on shares of Barrick Mining from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Finally, Cibc World Mkts raised shares of Barrick Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Barrick Mining currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
Read Our Latest Stock Report on Barrick Mining
Barrick Mining Price Performance
B opened at $33.41 on Friday. The company has a fifty day moving average price of $29.71 and a two-hundred day moving average price of $23.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. Barrick Mining Corporation has a 52 week low of $15.11 and a 52 week high of $36.40. The firm has a market capitalization of $56.88 billion, a PE ratio of 21.01, a P/E/G ratio of 0.54 and a beta of 0.30.
Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Monday, August 11th. The gold and copper producer reported $0.47 EPS for the quarter, hitting analysts' consensus estimates of $0.47. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current year.
Barrick Mining Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Barrick Mining's payout ratio is 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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