Barrick Mining Corporation (NYSE:B) Shares Bought by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT raised its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,852,852 shares of the gold and copper producer's stock after purchasing an additional 20,098 shares during the period. Barrick Mining accounts for about 2.6% of Sound Shore Management Inc. CT's holdings, making the stock its 23rd largest holding. Sound Shore Management Inc. CT owned about 0.22% of Barrick Mining worth $74,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in Barrick Mining by 21.8% during the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock valued at $62,000 after buying an additional 563 shares during the last quarter. Sapient Capital LLC raised its stake in shares of Barrick Mining by 0.5% in the first quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock worth $2,227,000 after purchasing an additional 624 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in shares of Barrick Mining by 2.5% in the first quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer's stock worth $558,000 after purchasing an additional 710 shares during the last quarter. Keystone Financial Group increased its position in Barrick Mining by 1.4% during the fourth quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock valued at $874,000 after acquiring an additional 753 shares during the last quarter. Finally, Edge Wealth Management LLC increased its position in Barrick Mining by 6.1% during the first quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock valued at $255,000 after acquiring an additional 755 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Mining Trading Down 2.1%

B stock traded down $0.46 during trading on Monday, hitting $21.29. The company had a trading volume of 5,971,726 shares, compared to its average volume of 20,119,434. Barrick Mining Corporation has a 52-week low of $15.11 and a 52-week high of $21.95. The company has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $19.01. The firm has a market capitalization of $36.31 billion, a P/E ratio of 16.00, a PEG ratio of 0.33 and a beta of 0.28. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings data 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. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the company posted $0.19 earnings per share. The firm's quarterly revenue was up 13.9% on a year-over-year basis. As a group, research analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 dividend yield of 1.88%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on B. Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group boosted their price target on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Citigroup cut their price target on Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. BMO Capital Markets began coverage on Barrick Mining in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, Wall Street Zen raised 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 MarketBeat.com, Barrick Mining presently has an average rating of "Moderate Buy" and an average target price of $24.41.

Barrick Mining 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.