Barrick Mining Corporation (NYSE:B) Holdings Trimmed by Perpetual Ltd

Perpetual Ltd reduced its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,273,898 shares of the gold and copper producer's stock after selling 272,073 shares during the quarter. Perpetual Ltd owned 0.19% of Barrick Mining worth $63,645,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of B. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 1,195,585 shares during the period. Wellington Management Group LLP boosted its stake in shares of Barrick Mining by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after buying an additional 9,598,292 shares during the period. Capital International Investors grew 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 valued at $516,055,000 after acquiring an additional 19,189,830 shares in the last quarter. Mackenzie Financial Corp increased its stake 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 worth $237,280,000 after acquiring an additional 278,292 shares during the last quarter. Finally, Amundi raised its holdings in shares of Barrick Mining by 1.7% during the fourth quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock worth $223,665,000 after acquiring an additional 236,116 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Mining Price Performance

Shares of Barrick Mining stock opened at $21.17 on Friday. Barrick Mining Corporation has a 1-year low of $17.41 and a 1-year high of $47.50. The firm has a fifty day simple moving average of $19.58 and a 200-day simple moving average of $18.21. 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 stock has a market capitalization of $36.30 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 0.33 and a beta of 0.27.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. The firm 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 was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. On average, sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.89%. Barrick Mining's payout ratio is 30.08%.

Wall Street Analyst Weigh In

A number of research analysts have commented on B shares. Scotiabank boosted their target price on Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Royal Bank Of Canada raised their price objective on shares of Barrick Mining from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Stifel Canada raised shares of Barrick Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, CIBC increased their price target on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.05.

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.

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