Callan Capital LLC Acquires Shares of 14,243 Barrick Mining Corporation (NYSE:B)

Callan Capital LLC acquired a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,243 shares of the gold and copper producer's stock, valued at approximately $277,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Barrick Mining by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock worth $1,060,036,000 after purchasing an additional 1,195,585 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Barrick Mining by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after buying an additional 9,598,292 shares during the period. Capital International Investors boosted its holdings in shares of Barrick Mining by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after buying an additional 19,189,830 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Barrick Mining by 1.9% during the 4th quarter. Mackenzie Financial Corp now owns 15,318,376 shares of the gold and copper producer's stock worth $237,280,000 after buying an additional 278,292 shares during the period. Finally, Causeway Capital Management LLC bought a new stake in shares of Barrick Mining during the 4th quarter worth $172,225,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on B shares. Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday. UBS Group upped their price objective on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 11th. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Mining in a report on Wednesday, April 2nd. National Bank Financial raised shares of Barrick Mining to a "hold" rating in a report on Friday, March 21st. Finally, Citigroup reduced their price target on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.05.

Barrick Mining Price Performance

Shares of B stock traded up $0.17 during mid-day trading on Wednesday, reaching $20.90. The company's stock had a trading volume of 9,409,591 shares, compared to its average volume of 3,975,436. Barrick Mining Corporation has a 1-year low of $17.41 and a 1-year high of $47.50. The company has a market cap of $35.83 billion, a P/E ratio of 15.71, a PEG ratio of 0.33 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. The firm's 50-day moving average is $19.82 and its two-hundred day moving average is $18.48.

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

Barrick Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors 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 1.91%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is currently 30.08%.

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.