Baader Bank Aktiengesellschaft Invests $234,000 in Barrick Mining Corporation $B

Key Points

• Baader Bank Aktiengesellschaft has acquired 11,247 shares of Barrick Mining Corporation, valued at approximately $234,000, during Q2.
• Barrick Mining reported a 16.4% year-over-year revenue increase with earnings per share hitting the consensus estimate of $0.47 for the latest quarter.
• The firm announced a quarterly dividend of $0.15 per share, translating to an annualized dividend yield of 1.8%.

Baader Bank Aktiengesellschaft bought a new stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,247 shares of the gold and copper producer's stock, valued at approximately $234,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Systrade AG acquired a new stake in Barrick Mining in the second quarter worth about $41,640,000. Brickwood Asset Management LLP acquired a new stake in Barrick Mining in the fourth quarter worth about $27,193,000. Public Employees Retirement System of Ohio acquired a new stake in Barrick Mining in the fourth quarter worth about $23,788,000. Ninety One UK Ltd lifted its holdings in Barrick Mining by 20.7% in the 1st quarter. Ninety One UK Ltd now owns 8,208,676 shares of the gold and copper producer's stock valued at $159,577,000 after acquiring an additional 1,405,207 shares during the last quarter. Finally, Auto Owners Insurance Co boosted its position in shares of Barrick Mining by 10,194.1% during the 1st quarter. Auto Owners Insurance Co now owns 1,050,000 shares of the gold and copper producer's stock valued at $20,412,000 after purchasing an additional 1,039,800 shares in the last quarter. Institutional investors own 90.82% of the company's stock.

Barrick Mining Trading Up 0.6%

Shares of Barrick Mining stock traded up $0.22 during trading on Tuesday, hitting $35.58. 8,280,867 shares of the company were exchanged, compared to its average volume of 19,846,359. The firm has a market capitalization of $60.59 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 0.58 and a beta of 0.27. Barrick Mining Corporation has a 1-year low of $15.11 and a 1-year high of $36.10. The firm's fifty day moving average price is $25.12 and its 200 day moving average price is $21.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.60 billion. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. As a group, sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal 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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 29th. Barrick Mining's dividend payout ratio is currently 37.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. National Bankshares upgraded shares of Barrick Mining to an "outperform" rating in a research report on Monday. Royal Bank Of Canada upped their price objective on shares of Barrick Mining from $34.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday. CIBC reissued an "outperform" rating on shares of Barrick Mining in a research report on Monday. Zacks Research lowered shares of Barrick Mining from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Raymond James Financial raised their price objective on shares of Barrick Mining from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.33.

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.