Deutsche Bank AG lessened its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 73.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,476,290 shares of the gold and copper producer's stock after selling 4,055,821 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Barrick Mining worth $28,699,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its holdings in Barrick Mining by 21.8% in the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock worth $62,000 after purchasing an additional 563 shares in the last quarter. Sapient Capital LLC raised its holdings in 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 in the last quarter. Kestra Private Wealth Services LLC raised its holdings in 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 in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in Barrick Mining by 1.5% in the first quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer's stock worth $924,000 after purchasing an additional 716 shares in the last quarter. Finally, Edge Wealth Management LLC raised its holdings in Barrick Mining by 6.1% in the first quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock worth $255,000 after purchasing an additional 755 shares in the last quarter. Institutional investors own 90.82% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on B. CIBC raised Barrick Mining from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Scotiabank set a $26.00 price objective on Barrick Mining and gave the stock a "sector perform" rating in a research note on Wednesday. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Cibc World Mkts raised Barrick Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Barrick Mining has an average rating of "Moderate Buy" and a consensus target price of $24.77.
Check Out Our Latest Stock Report on Barrick Mining
Barrick Mining Trading Up 2.0%
Barrick Mining stock traded up $0.47 during trading on Friday, reaching $24.09. 11,331,195 shares of the company were exchanged, compared to its average volume of 12,979,969. Barrick Mining Corporation has a 52-week low of $15.11 and a 52-week high of $24.15. The company has a market capitalization of $41.10 billion, a P/E ratio of 15.15, a PEG ratio of 0.37 and a beta of 0.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.16. The stock's 50 day simple moving average is $21.53 and its two-hundred day simple moving average is $19.68.
Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings data on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.
About Barrick Mining
(
Free Report)
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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