GW Henssler & Associates Ltd. Invests $22.97 Million in Barrick Mining Corporation $B

Key Points

• GW Henssler & Associates Ltd. made a new investment in Barrick Mining Corporation, purchasing 1,103,208 shares valued at approximately $22.97 million, which represents about 1.2% of the firm's portfolio.
• Analyst ratings for Barrick Mining have shown a positive trend, with Wall Street Zen upgrading the stock to a "strong-buy" rating and the Royal Bank of Canada raising its price target from $34.00 to $38.00.
• Barrick Mining announced a quarterly dividend of $0.15 per share, which resulted in an annualized yield of 1.8%, while the company reported earnings of $0.47 per share, meeting analyst expectations.

GW Henssler & Associates Ltd. purchased a new position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,103,208 shares of the gold and copper producer's stock, valued at approximately $22,969,000. Barrick Mining makes up about 1.2% of GW Henssler & Associates Ltd.'s investment portfolio, making the stock its 29th biggest holding. GW Henssler & Associates Ltd. owned about 0.06% of Barrick Mining as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in B. Vermillion Wealth Management Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $25,000. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $27,000. Trifecta Capital Advisors LLC bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $27,000. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter worth approximately $29,000. 90.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

B has been the topic of several analyst reports. Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Royal Bank Of Canada upped their price objective on Barrick Mining from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. Zacks Research cut Barrick Mining from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. National Bank Financial raised Barrick Mining from a "sector perform" rating to an "outperform" rating in a research report on Monday, September 22nd. Finally, TD Securities upped their price objective on Barrick Mining from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $38.10.

Barrick Mining Price Performance

Shares of B opened at $32.73 on Friday. The firm has a market cap of $55.72 billion, a PE ratio of 20.58, a P/E/G 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. The firm has a fifty day simple moving average of $28.58 and a two-hundred day simple moving average of $22.95. Barrick Mining Corporation has a 1-year low of $15.11 and a 1-year high of $36.10.

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 for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.60 billion. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. On average, equities analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. Barrick Mining's payout ratio 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.

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.