Deutsche Bank AG Sells 4,055,821 Shares of Barrick Mining Corporation (NYSE:B)

Deutsche Bank AG decreased its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 73.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 0.09% of Barrick Mining worth $28,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in Barrick Mining by 1.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 702,023 shares of the gold and copper producer's stock worth $10,881,000 after acquiring an additional 11,662 shares in the last quarter. Sterling Capital Management LLC acquired a new position in Barrick Mining during the fourth quarter worth about $162,000. Rockefeller Capital Management L.P. raised its stake in Barrick Mining by 3.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 472,060 shares of the gold and copper producer's stock worth $7,317,000 after acquiring an additional 13,897 shares in the last quarter. Townsquare Capital LLC raised its stake in Barrick Mining by 0.3% during the fourth quarter. Townsquare Capital LLC now owns 285,355 shares of the gold and copper producer's stock worth $4,423,000 after acquiring an additional 952 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Barrick Mining during the fourth quarter worth about $468,000. Institutional investors own 90.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on B shares. Cibc World Mkts raised Barrick Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Scotiabank set a $26.00 price objective on Barrick Mining and gave the company a "sector perform" rating in a research note on Wednesday. CIBC raised Barrick Mining from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada set a $26.00 price objective on Barrick Mining and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.77.

Barrick Mining Stock Up 2.0%

NYSE:B traded up $0.47 during trading hours on Friday, hitting $24.09. 11,331,195 shares of the company traded hands, compared to its average volume of 19,602,879. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.14. The firm's 50-day simple moving average is $21.44 and its 200-day simple moving average is $19.60. Barrick Mining Corporation has a one year low of $15.11 and a one year high of $24.15. The company has a market cap of $41.10 billion, a PE ratio of 15.15, a PEG ratio of 0.37 and a beta of 0.27.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its earnings results 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 during the quarter, compared to analyst estimates of $3.60 billion. During the same period last year, the firm posted $0.32 EPS. The business's revenue was up 16.4% compared to the same quarter last year. Equities analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

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.