Hussman Strategic Advisors Inc. Has $14.87 Million Stock Holdings in Barrick Mining Corporation (NYSE:B)

Hussman Strategic Advisors Inc. boosted its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 275.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 765,000 shares of the gold and copper producer's stock after purchasing an additional 561,000 shares during the quarter. Barrick Mining comprises approximately 3.6% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its biggest holding. Hussman Strategic Advisors Inc.'s holdings in Barrick Mining were worth $14,872,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in B. Hollencrest Capital Management increased its position in shares of Barrick Mining by 12.8% during the 1st quarter. Hollencrest Capital Management now owns 76,329 shares of the gold and copper producer's stock valued at $1,484,000 after purchasing an additional 8,650 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in Barrick Mining by 11.4% in the first quarter. Legacy Capital Wealth Partners LLC now owns 28,601 shares of the gold and copper producer's stock worth $556,000 after acquiring an additional 2,932 shares in the last quarter. Equity Investment Corp lifted its holdings in shares of Barrick Mining by 4.5% during the first quarter. Equity Investment Corp now owns 5,168,387 shares of the gold and copper producer's stock worth $100,473,000 after purchasing an additional 223,250 shares during the period. Wealthfront Advisers LLC purchased a new position in Barrick Mining during the first quarter valued at approximately $277,000. Finally, Massachusetts Financial Services Co. MA raised its position in Barrick Mining by 0.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 287,668 shares of the gold and copper producer's stock valued at $5,592,000 after acquiring an additional 1,035 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on B shares. Raymond James Financial upped their price target on Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. UBS Group raised their price target on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, April 11th. Scotiabank raised their price objective on Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Finally, CIBC raised their price objective on Barrick Mining from $24.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Barrick Mining presently has an average rating of "Moderate Buy" and an average target price of $24.41.

Barrick Mining Stock Up 0.2%

NYSE:B traded up $0.05 during trading hours on Friday, reaching $20.86. The company's stock had a trading volume of 1,246,367 shares, compared to its average volume of 4,296,803. The company has a market cap of $35.58 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 0.34 and a beta of 0.28. Barrick Mining Corporation has a one year low of $17.41 and a one year high of $47.50. The business's 50-day moving average is $20.13 and its 200-day moving average is $18.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 earnings per share. Equities research analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's dividend payout ratio is 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.

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