Callan Capital LLC Takes Position in Barrick Mining Corporation (NYSE:B)

Callan Capital LLC purchased a new position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,243 shares of the gold and copper producer's stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new stake in shares of Barrick Mining in the 4th quarter valued at $26,000. Vega Investment Solutions acquired a new stake in shares of Barrick Mining in the 4th quarter valued at $31,000. Nexus Investment Management ULC acquired a new stake in shares of Barrick Mining in the 1st quarter valued at $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Barrick Mining in the 4th quarter valued at $37,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Barrick Mining in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on B. Scotiabank increased their price target on Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. BMO Capital Markets began coverage on Barrick Mining in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. CIBC raised their target price on Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Finally, Stifel Canada raised Barrick Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Barrick Mining currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Mining Stock Performance

B stock traded up $0.15 during midday trading on Friday, reaching $21.22. 8,629,339 shares of the company's stock traded hands, compared to its average volume of 20,962,844. The company has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $18.53. 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 52 week low of $15.11 and a 52 week high of $21.70. The firm has a market capitalization of $36.38 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.33 and a beta of 0.28.

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 the consensus estimate of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business earned $0.19 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Dividend Announcement

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