Baader Bank Aktiengesellschaft Has $850,000 Position in Barrick Mining Corporation (NYSE:B)

Key Points

• Baader Bank Aktiengesellschaft significantly increased its stake in Barrick Mining Corporation by 93%, now holding 43,704 shares valued at $850,000.
• Barrick Mining reported a quarterly EPS of $0.35, surpassing estimates, although revenue was slightly below expectations at $3 billion.
• The company declared a quarterly dividend of $0.10 per share, with an annual yield of 1.90%, reflecting a payout ratio of 30.08%.

Baader Bank Aktiengesellschaft boosted its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 93.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 43,704 shares of the gold and copper producer's stock after acquiring an additional 21,061 shares during the period. Baader Bank Aktiengesellschaft's holdings in Barrick Mining were worth $850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors grew its stake 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 valued at $516,055,000 after buying an additional 19,189,830 shares during the period. TD Asset Management Inc boosted its position in Barrick Mining by 1.6% during the 1st quarter. TD Asset Management Inc now owns 17,950,892 shares of the gold and copper producer's stock worth $348,479,000 after purchasing an additional 275,015 shares during the period. Mackenzie Financial Corp boosted its position in Barrick Mining by 1.9% during the 1st quarter. Mackenzie Financial Corp now owns 15,614,848 shares of the gold and copper producer's stock worth $303,161,000 after purchasing an additional 296,472 shares during the period. Causeway Capital Management LLC purchased a new stake in Barrick Mining during the 4th quarter worth $172,225,000. Finally, Geode Capital Management LLC boosted its position in Barrick Mining by 32.4% during the 4th quarter. Geode Capital Management LLC now owns 10,650,999 shares of the gold and copper producer's stock worth $169,261,000 after purchasing an additional 2,603,744 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

B has been the subject of a number of research reports. Scotiabank upped their price target on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Royal Bank Of Canada set a $26.00 price objective on shares of Barrick Mining and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. BMO Capital Markets started coverage on shares of Barrick Mining in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. CIBC boosted their price objective on shares of Barrick Mining from $24.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.41.

Barrick Mining Stock Performance

B traded up $0.24 on Friday, hitting $21.36. 10,863,207 shares of the company's stock were exchanged, compared to its average volume of 9,863,622. The firm has a market cap of $36.44 billion, a PE ratio of 16.06, a P/E/G ratio of 0.32 and a beta of 0.28. Barrick Mining Corporation has a twelve month low of $15.11 and a twelve month high of $21.95. The stock has a fifty day moving average of $20.80 and a two-hundred day moving average of $19.16. 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 (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 earnings per share (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 analysts' expectations 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 was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. On average, research analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is currently 30.08%.

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.