Barrick Mining Corporation (NYSE:B) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 91.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,700 shares of the gold and copper producer's stock after selling 122,656 shares during the quarter. Axxcess Wealth Management LLC's holdings in Barrick Mining were worth $227,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of B. PNC Financial Services Group Inc. grew its position in shares of Barrick Mining by 16.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,198 shares of the gold and copper producer's stock valued at $298,000 after purchasing an additional 2,759 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Barrick Mining by 8.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,713 shares of the gold and copper producer's stock valued at $259,000 after buying an additional 1,248 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Barrick Mining by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 671,039 shares of the gold and copper producer's stock valued at $10,401,000 after buying an additional 15,915 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in Barrick Mining during the fourth quarter worth $9,757,000. Finally, one8zero8 LLC acquired a new position in shares of Barrick Mining in the fourth quarter worth $224,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Trading Up 0.7%

NYSE B opened at $21.22 on Monday. The firm has a market capitalization of $36.38 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 0.34 and a beta of 0.28. 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 one year low of $17.41 and a one year high of $47.50. The company's 50 day moving average price is $19.97 and its 200 day moving average price is $18.61.

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

Barrick Mining Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on B shares. UBS Group lifted their price objective on Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Scotiabank upped their price objective 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. CIBC lifted their target price 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. Finally, National Bank Financial upgraded Barrick Mining to a "hold" rating in a research note on Friday, March 21st. Seven investment 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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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