Barrick Mining Corporation (NYSE:B) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,144,340 shares of the gold and copper producer's stock after acquiring an additional 70,623 shares during the period. Charles Schwab Investment Management Inc. owned about 0.30% of Barrick Mining worth $99,867,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Barrick Mining by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 68,861,295 shares of the gold and copper producer's stock worth $1,337,012,000 after buying an additional 502,762 shares during the period. Capital International Investors raised its position in shares of Barrick Mining by 136.1% during the fourth quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after acquiring an additional 19,189,830 shares during the last quarter. TD Asset Management Inc raised its position in shares of Barrick Mining by 1.6% during the first quarter. TD Asset Management Inc now owns 17,950,892 shares of the gold and copper producer's stock worth $348,479,000 after acquiring an additional 275,015 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Barrick Mining by 1.9% in the first quarter. Mackenzie Financial Corp now owns 15,614,848 shares of the gold and copper producer's stock valued at $303,161,000 after purchasing an additional 296,472 shares during the last quarter. Finally, Ruffer LLP increased its holdings in Barrick Mining by 1.5% in the first quarter. Ruffer LLP now owns 10,426,795 shares of the gold and copper producer's stock valued at $202,701,000 after purchasing an additional 156,947 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on B shares. Wall Street Zen cut Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Scotiabank set a $26.00 price target on Barrick Mining and gave the stock a "sector perform" rating in a report on Wednesday. Cibc World Mkts raised Barrick Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. CIBC raised Barrick Mining from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $24.77.

Barrick Mining Price Performance

NYSE B traded up $0.47 during trading hours on Friday, hitting $24.09. 11,331,195 shares of the company's stock traded hands, compared to its average volume of 12,979,969. The firm's 50-day moving average is $21.53 and its 200-day moving average is $19.68. The company has a market capitalization of $41.10 billion, a PE ratio of 15.15, a PEG ratio of 0.37 and a beta of 0.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.16. Barrick Mining Corporation has a 52-week low of $15.11 and a 52-week high of $24.15.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The company had revenue of $3.72 billion during the quarter, compared to analysts' expectations of $3.60 billion. During the same quarter last year, the company posted $0.32 EPS. The firm's revenue was up 16.4% compared to the same quarter last year. Equities analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

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.