Gold Investment Management Ltd. bought a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,338 shares of the gold and copper producer's stock, valued at approximately $298,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vermillion Wealth Management Inc. bought a new stake in Barrick Mining in the second quarter valued at about $25,000. Crowley Wealth Management Inc. acquired a new position in Barrick Mining in the second quarter valued at about $26,000. SJS Investment Consulting Inc. acquired a new position in Barrick Mining in the second quarter valued at about $29,000. Cary Street Partners Investment Advisory LLC acquired a new position in Barrick Mining in the first quarter valued at about $32,000. Finally, AdvisorNet Financial Inc acquired a new position in Barrick Mining in the second quarter valued at about $39,000. Institutional investors own 90.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on B. CIBC restated an "outperform" rating on shares of Barrick Mining in a research report on Monday, September 22nd. TD Securities boosted their price target on shares of Barrick Mining from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Royal Bank Of Canada boosted their price target on shares of Barrick Mining from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. BMO Capital Markets restated a "market perform" rating on shares of Barrick Mining in a research report on Monday, September 22nd. Finally, UBS Group boosted their price target on shares of Barrick Mining from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.
Check Out Our Latest Analysis on B
Barrick Mining Price Performance
Shares of B stock opened at $33.72 on Thursday. Barrick Mining Corporation has a 1 year low of $15.11 and a 1 year high of $36.10. The firm's 50 day moving average is $26.88 and its 200-day moving average is $22.23. The firm has a market capitalization of $57.42 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.54 and a beta of 0.30. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14.
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, hitting analysts' consensus estimates of $0.47. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. 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 business earned $0.32 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, August 29th. Barrick Mining's dividend payout ratio is currently 37.74%.
About Barrick Mining
(
Free Report)
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.
See Also
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