Haven Global Partners LLC Purchases Shares of 99,400 Barrick Mining Corporation (NYSE:B)

Haven Global Partners LLC purchased a new stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 99,400 shares of the gold and copper producer's stock, valued at approximately $1,930,000. Barrick Mining makes up about 2.0% of Haven Global Partners LLC's investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Barrick Mining by 1.8% during the 4th 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. Wellington Management Group LLP raised its holdings in Barrick Mining by 17.5% in the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after acquiring an additional 9,598,292 shares during the period. Capital International Investors raised its holdings in Barrick Mining by 136.1% in the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after acquiring an additional 19,189,830 shares during the period. Mackenzie Financial Corp raised its holdings in Barrick Mining by 1.9% in the 4th quarter. Mackenzie Financial Corp now owns 15,318,376 shares of the gold and copper producer's stock worth $237,280,000 after acquiring an additional 278,292 shares during the period. Finally, Amundi raised its holdings in Barrick Mining by 1.7% in the 4th quarter. Amundi now owns 14,120,278 shares of the gold and copper producer's stock worth $223,665,000 after acquiring an additional 236,116 shares during the period. Institutional investors own 90.82% of the company's stock.

Analyst Upgrades and Downgrades

B has been the topic of several recent analyst reports. National Bank Financial upgraded shares of Barrick Mining to a "hold" rating in a report on Friday, March 21st. Stifel Canada upgraded shares of Barrick Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Royal Bank Of Canada lifted their target price on shares of Barrick Mining from $23.00 to $26.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen downgraded shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Finally, CIBC lifted their target price on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and an average price target of $24.05.

Barrick Mining Stock Performance

NYSE B traded down $0.74 during midday trading on Friday, hitting $20.46. The company had a trading volume of 12,865,342 shares, compared to its average volume of 3,635,181. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $19.58 and a two-hundred day simple moving average of $18.21. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $47.50. The stock has a market cap of $35.07 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.34 and a beta of 0.27.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share 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 for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business earned $0.19 EPS. The firm's revenue was up 13.9% on a year-over-year basis. Equities analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

About Barrick Mining

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.