22,237 Shares in Barrick Mining Corporation (NYSE:B) Bought by FLC Capital Advisors

FLC Capital Advisors purchased a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,237 shares of the gold and copper producer's stock, valued at approximately $432,000.

Several other institutional investors have also made changes to their positions in B. Penserra Capital Management LLC increased its stake in Barrick Mining by 1,919.0% in the 1st quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer's stock valued at $56,000 after buying an additional 2,821 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Barrick Mining by 14.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock worth $1,141,000 after purchasing an additional 9,149 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Barrick Mining by 24.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer's stock valued at $404,000 after buying an additional 4,082 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Barrick Mining by 25.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer's stock valued at $5,663,000 after buying an additional 59,906 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Barrick Mining in the 4th quarter valued at approximately $19,505,000. 90.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on B shares. Raymond James Financial boosted their price target on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a research note on Monday, March 31st. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Citigroup cut their price objective on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Scotiabank increased their price target on shares of Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.41.

Barrick Mining Stock Performance

Barrick Mining stock traded down $0.09 during midday trading on Friday, reaching $20.72. 7,257,568 shares of the stock traded hands, compared to its average volume of 4,350,860. The firm has a fifty day moving average price of $20.17 and a two-hundred day moving average price of $18.76. The firm has a market cap of $35.35 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.33 and a beta of 0.28. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $47.50. 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 (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the business earned $0.19 earnings per share. The business's quarterly revenue was up 13.9% on a year-over-year basis. On average, equities research analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

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.