Inscription Capital LLC Takes Position in Barrick Mining Corporation (NYSE:B)

Inscription Capital LLC bought a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,907 shares of the gold and copper producer's stock, valued at approximately $309,000.

A number of other large investors have also added to or reduced their stakes in B. Capital International Investors increased its holdings in Barrick Mining by 136.1% during 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 purchasing an additional 19,189,830 shares during the last quarter. Causeway Capital Management LLC acquired a new stake in shares of Barrick Mining during the fourth quarter worth approximately $172,225,000. Wellington Management Group LLP increased its stake in shares of Barrick Mining by 17.5% in the fourth quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after buying an additional 9,598,292 shares during the last quarter. FIL Ltd raised its holdings in Barrick Mining by 236.7% in the fourth quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock valued at $105,692,000 after acquiring an additional 4,791,663 shares in the last quarter. Finally, Capital International Inc. CA bought a new position in Barrick Mining during the 4th quarter valued at $57,991,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on B. CIBC boosted their target price on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Scotiabank boosted their price objective on Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Royal Bank Of Canada upped their price objective on Barrick Mining from $23.00 to $26.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. National Bank Financial upgraded Barrick Mining to a "hold" rating in a research report on Friday, March 21st. Finally, 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 report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Mining Trading Down 1.1%

Shares of NYSE:B opened at $21.11 on Thursday. 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 company's 50-day moving average price is $19.49 and its 200 day moving average price is $18.05. The company has a market cap of $36.18 billion, a PE ratio of 15.87, a P/E/G ratio of 0.36 and a beta of 0.27. 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 issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The business's revenue was up 13.9% on a year-over-year basis. Sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current year.

Barrick Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is 30.08%.

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.

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.