Charles Schwab Investment Management Inc. Buys 70,623 Shares of Barrick Mining Corporation (NYSE:B)

Charles Schwab Investment Management Inc. raised its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,144,340 shares of the gold and copper producer's stock after buying an additional 70,623 shares during the quarter. 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 hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Barrick Mining by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 68,861,295 shares of the gold and copper producer's stock valued at $1,337,012,000 after purchasing an additional 502,762 shares during the period. Capital International Investors raised its stake 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 valued at $516,055,000 after purchasing an additional 19,189,830 shares during the period. TD Asset Management Inc raised its stake in shares of Barrick Mining by 1.6% during the 1st quarter. TD Asset Management Inc now owns 17,950,892 shares of the gold and copper producer's stock valued at $348,479,000 after purchasing an additional 275,015 shares during the period. Mackenzie Financial Corp raised its stake in shares of Barrick Mining by 1.9% during the 1st 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 period. Finally, Ruffer LLP raised its stake in shares of Barrick Mining by 1.5% during the 1st 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 period. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Performance

Shares of B stock traded up $0.47 on Friday, reaching $24.09. The stock had a trading volume of 11,331,195 shares, compared to its average volume of 12,979,969. The stock has a market cap of $41.10 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.36 and a beta of 0.27. Barrick Mining Corporation has a 1 year low of $15.11 and a 1 year high of $24.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 3.21. The company has a 50 day simple moving average of $21.53 and a 200 day simple moving average of $19.66.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on B shares. Scotiabank upped their target price on Barrick Mining from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Wall Street Zen cut Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. CIBC upgraded Barrick Mining from a "neutral" rating to an "outperform" rating in a report on Tuesday. Royal Bank Of Canada set a $26.00 price objective on Barrick Mining and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Cibc World Mkts upgraded Barrick Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and an average target price of $24.77.

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.