Callan Capital LLC Takes $277,000 Position in Barrick Mining Corporation (NYSE:B)

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

A number of other institutional investors and hedge funds have also modified their holdings of the business. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining in the fourth quarter worth $26,000. Vega Investment Solutions bought a new stake in shares of Barrick Mining in the fourth quarter worth $31,000. Nexus Investment Management ULC bought a new stake in shares of Barrick Mining in the first quarter worth $32,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Barrick Mining in the fourth quarter worth $37,000. Finally, Ameriflex Group Inc. purchased a new position in Barrick Mining during the fourth quarter valued at $39,000. Institutional investors own 90.82% of the company's stock.

Barrick Mining Trading Up 0.6%

NYSE B traded up $0.12 during trading hours on Thursday, hitting $21.02. 2,850,444 shares of the company were exchanged, compared to its average volume of 21,019,898. The stock has a market cap of $36.03 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.33 and a beta of 0.28. The stock has a 50-day moving average price of $19.86 and a 200 day moving average price of $18.50. Barrick Mining Corporation has a 52 week low of $15.11 and a 52 week high of $21.70. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, beating 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 firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The company's quarterly revenue was up 13.9% on a year-over-year basis. Analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.90%. Barrick Mining's dividend payout ratio (DPR) is currently 30.08%.

Analyst Ratings Changes

Several research firms recently weighed in on B. Scotiabank lifted their target price on Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Stifel Canada upgraded Barrick Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, National Bankshares restated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Mining Company Profile

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.