D.A. Davidson & CO. Has $3.32 Million Stock Holdings in Barrick Mining Corporation (NYSE:B)

D.A. Davidson & CO. lifted its stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 72.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,527 shares of the gold and copper producer's stock after buying an additional 71,479 shares during the quarter. D.A. Davidson & CO.'s holdings in Barrick Mining were worth $3,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $26,000. Vega Investment Solutions acquired a new stake in Barrick Mining during the fourth quarter worth about $31,000. Nexus Investment Management ULC acquired a new stake in Barrick Mining during the first quarter worth about $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in Barrick Mining during the fourth quarter worth about $37,000. Finally, Ameriflex Group Inc. acquired a new stake in Barrick Mining during the fourth quarter worth about $39,000. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Down 0.4%

Shares of Barrick Mining stock traded down $0.08 during midday trading on Monday, reaching $21.38. 2,540,004 shares of the company's stock traded hands, compared to its average volume of 3,832,089. The company has a market cap of $36.64 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 0.34 and a beta of 0.28. The company's 50 day simple moving average is $19.74 and its 200 day simple moving average is $18.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87. Barrick Mining Corporation has a 52 week low of $17.41 and a 52 week high of $47.50.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. Barrick Mining's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. Equities analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

Analyst Ratings Changes

B has been the topic of several research reports. UBS Group increased their price objective on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Scotiabank raised their price target on shares of Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Citigroup dropped their price target on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Wall Street Zen upgraded shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, BMO Capital Markets assumed coverage on shares of Barrick Mining in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Barrick Mining currently has an average rating of "Moderate Buy" and a consensus target price of $24.05.

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.