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

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

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

Barrick Mining Trading Up 0.7%

B traded up $0.15 on Friday, reaching $21.22. 8,632,540 shares of the company's stock were exchanged, compared to its average volume of 4,081,517. 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 twelve month low of $17.41 and a twelve month high of $47.50. The company's 50 day moving average is $19.97 and its 200-day moving average is $18.57. The company has a market cap of $36.38 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 0.34 and a beta of 0.28.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. Barrick Mining's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. Equities 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

Analyst Upgrades and Downgrades

B has been the topic of a number of recent analyst reports. Citigroup decreased their target price on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. BMO Capital Markets assumed coverage on shares of Barrick Mining in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. Raymond James Financial increased their price target on shares of Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. Finally, National Bank Financial upgraded shares of Barrick Mining to a "hold" rating in a research note on Friday, March 21st. Seven equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Mining 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.