Compagnie Lombard Odier SCmA Invests $163,000 in Barrick Mining Corporation $B

Key Points

• Compagnie Lombard Odier SCmA has invested approximately $163,000 in Barrick Mining Corporation by acquiring 7,849 shares during the 2nd quarter.
• Recent analyst updates on Barrick Mining include a buy rating from TD Securities with a boosted price objective of $38.00 per share.
• Barrick Mining announced a quarterly dividend of $0.15 per share, representing a 1.7% yield, and its current dividend payout ratio is 37.74%.

Compagnie Lombard Odier SCmA acquired a new stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,849 shares of the gold and copper producer's stock, valued at approximately $163,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Barrick Mining by 21.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock worth $62,000 after purchasing an additional 563 shares during the period. Sapient Capital LLC boosted its stake in Barrick Mining by 0.5% in the 1st quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock worth $2,227,000 after buying an additional 624 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in Barrick Mining by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer's stock valued at $558,000 after buying an additional 710 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in Barrick Mining by 1.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer's stock valued at $924,000 after buying an additional 716 shares during the period. Finally, Edge Wealth Management LLC increased its stake in shares of Barrick Mining by 6.1% during the 1st quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock valued at $255,000 after acquiring an additional 755 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on B. CIBC restated an "outperform" rating on shares of Barrick Mining in a report on Monday. BMO Capital Markets reiterated a "market perform" rating on shares of Barrick Mining in a report on Monday. TD Securities boosted their price objective on shares of Barrick Mining from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Monday. Zacks Research lowered Barrick Mining from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, UBS Group boosted their price target on Barrick Mining from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Barrick Mining Trading Down 2.3%

Shares of B opened at $34.54 on Wednesday. Barrick Mining Corporation has a one year low of $15.11 and a one year high of $36.10. The stock has a 50-day moving average price of $25.39 and a 200 day moving average price of $21.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. The company has a market capitalization of $58.82 billion, a P/E ratio of 21.73, a P/E/G ratio of 0.62 and a beta of 0.27.

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

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 29th. Barrick Mining's dividend payout ratio (DPR) is currently 37.74%.

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.

Want to see what other hedge funds are holding B? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.