FLC Capital Advisors Takes Position in Barrick Mining Corporation (NYSE:B)

FLC Capital Advisors acquired a new position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,237 shares of the gold and copper producer's stock, valued at approximately $432,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $26,000. Vega Investment Solutions bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $31,000. Nexus Investment Management ULC bought a new stake in shares of Barrick Mining during the 1st quarter valued at about $32,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $37,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Barrick Mining during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Mining Trading Up 3.5%

NYSE B traded up $0.73 during trading on Monday, reaching $21.46. 5,528,138 shares of the stock traded hands, compared to its average volume of 4,382,766. The firm has a market cap of $36.60 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 0.33 and a beta of 0.28. The stock's 50-day moving average price is $20.17 and its 200 day moving average price is $18.80. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $47.50.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, topping 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 analysts' expectations of $3.15 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm's revenue was up 13.9% on a year-over-year basis. Analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.86%. Barrick Mining's payout ratio is 30.08%.

Analysts Set New Price Targets

Several research analysts have commented on B shares. CIBC upped their target price on shares of Barrick Mining from $24.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada set a $26.00 target price on shares of Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Scotiabank upped their price target 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. Citigroup reduced their price target on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Finally, Raymond James Financial increased their target price on shares of Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Barrick Mining presently has an average rating of "Moderate Buy" and an average target price 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.