Barrick Mining Corporation (NYSE:B) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 959.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,631 shares of the gold and copper producer's stock after buying an additional 59,435 shares during the quarter. Bessemer Group Inc.'s holdings in Barrick Mining were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in B. Aurora Private Wealth Inc. acquired a new position in Barrick Mining during the first quarter valued at approximately $305,000. Spire Wealth Management increased its position in shares of Barrick Mining by 46.1% in the first quarter. Spire Wealth Management now owns 3,785 shares of the gold and copper producer's stock worth $74,000 after acquiring an additional 1,194 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of Barrick Mining by 0.7% in the 1st quarter. Moran Wealth Management LLC now owns 216,194 shares of the gold and copper producer's stock valued at $4,203,000 after acquiring an additional 1,574 shares during the period. Sava Infond d.o.o. lifted its holdings in shares of Barrick Mining by 359.0% during the 1st quarter. Sava Infond d.o.o. now owns 79,270 shares of the gold and copper producer's stock valued at $1,541,000 after acquiring an additional 62,000 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Barrick Mining by 109.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 85,421 shares of the gold and copper producer's stock worth $1,661,000 after purchasing an additional 44,570 shares during the period. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Mining Stock Up 1.9%

B stock traded up $0.39 during mid-day trading on Wednesday, hitting $21.24. 9,768,859 shares of the company were exchanged, compared to its average volume of 3,775,528. The company has a market capitalization of $36.41 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.33 and a beta of 0.28. The firm has a fifty day simple moving average of $19.61 and a 200 day simple moving average of $18.29. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $47.50.

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

Barrick Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.88%. Barrick Mining's dividend payout ratio (DPR) is 30.08%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Stifel Canada raised Barrick Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. BMO Capital Markets assumed coverage on Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. Royal Bank Of Canada set a $26.00 price objective on shares of Barrick Mining and gave the company an "outperform" rating in a research report on Wednesday. Finally, National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.