D.A. Davidson & CO. Purchases 71,479 Shares of Barrick Mining Corporation (NYSE:B)

D.A. Davidson & CO. increased its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 72.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 170,527 shares of the gold and copper producer's stock after purchasing 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 SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Barrick Mining by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after acquiring an additional 128,203 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Barrick Mining by 66.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer's stock valued at $940,000 after acquiring an additional 24,176 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Barrick Mining by 14.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock valued at $1,141,000 after acquiring an additional 9,149 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Barrick Mining by 24.4% in the first quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer's stock valued at $404,000 after acquiring an additional 4,082 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Barrick Mining by 25.9% in the first quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer's stock valued at $5,663,000 after acquiring an additional 59,906 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Trading Up 1.1%

B traded up $0.23 during trading on Friday, hitting $21.45. 7,362,036 shares of the stock traded hands, compared to its average volume of 3,837,706. The firm has a market capitalization of $36.76 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 0.34 and a beta of 0.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. The firm has a 50-day moving average of $19.74 and a 200 day moving average of $18.40. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $47.50.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share 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 firm's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 EPS. Equities research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. Barrick Mining's dividend payout ratio is 30.08%.

Analyst Ratings Changes

Several research firms have recently issued reports on B. Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Scotiabank upped their target price on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. BMO Capital Markets started coverage on shares of Barrick Mining in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. UBS Group upped their target price on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Finally, Raymond James Financial upped their target price on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.