Financial Sense Advisors Inc. Increases Stock Holdings in Barrick Mining Corporation (NYSE:B)

Financial Sense Advisors Inc. grew its stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 21.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 294,045 shares of the gold and copper producer's stock after buying an additional 52,422 shares during the period. Barrick Mining makes up 1.6% of Financial Sense Advisors Inc.'s investment portfolio, making the stock its 15th biggest holding. Financial Sense Advisors Inc.'s holdings in Barrick Mining were worth $5,716,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in Barrick Mining by 9.5% in the fourth quarter. American Century Companies Inc. now owns 2,159,280 shares of the gold and copper producer's stock valued at $33,472,000 after buying an additional 187,551 shares during the period. Sei Investments Co. increased its position in shares of Barrick Mining by 3.2% during the fourth quarter. Sei Investments Co. now owns 792,553 shares of the gold and copper producer's stock worth $12,285,000 after acquiring an additional 24,526 shares in the last quarter. LPL Financial LLC increased its position in shares of Barrick Mining by 5.3% during the fourth quarter. LPL Financial LLC now owns 656,707 shares of the gold and copper producer's stock worth $10,179,000 after acquiring an additional 33,206 shares in the last quarter. Vanguard Group Inc. grew its position in Barrick Mining by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,358,533 shares of the gold and copper producer's stock valued at $1,060,036,000 after purchasing an additional 1,195,585 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in Barrick Mining in the fourth quarter valued at $26,000. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Performance

NYSE B traded down $0.05 on Friday, reaching $21.50. 7,011,390 shares of the stock were exchanged, compared to its average volume of 20,177,275. The firm has a market capitalization of $36.67 billion, a PE ratio of 16.16, a PEG ratio of 0.33 and a beta of 0.28. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a one year low of $15.11 and a one year high of $21.95. The company's 50-day simple moving average is $20.46 and its two-hundred day simple moving average is $18.92.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the firm posted $0.19 earnings per share. Barrick Mining's revenue for the quarter was up 13.9% compared to the same quarter last year. Analysts expect that Barrick Mining Corporation will post 1.47 EPS 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 issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. Barrick Mining's payout ratio is currently 30.08%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on B. Scotiabank raised their target price on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. CIBC boosted their target price on shares of Barrick Mining from $24.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Royal Bank Of Canada set a $26.00 price objective on shares of Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, UBS Group boosted their target price on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.41.

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.