Intact Investment Management Inc. Has $43.79 Million Holdings in Barrick Mining Corporation (NYSE:B)

Intact Investment Management Inc. lifted its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 53.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,254,840 shares of the gold and copper producer's stock after purchasing an additional 786,820 shares during the period. Barrick Mining accounts for approximately 1.5% of Intact Investment Management Inc.'s portfolio, making the stock its 18th biggest holding. Intact Investment Management Inc. owned 0.13% of Barrick Mining worth $43,785,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in B. Principal Securities Inc. increased its stake in Barrick Mining by 119.4% during the fourth quarter. Principal Securities Inc. now owns 4,848 shares of the gold and copper producer's stock valued at $75,000 after acquiring an additional 2,638 shares during the period. Allworth Financial LP increased its stake in Barrick Mining by 1,864.2% during the fourth quarter. Allworth Financial LP now owns 21,174 shares of the gold and copper producer's stock valued at $334,000 after acquiring an additional 20,096 shares during the period. Principal Financial Group Inc. increased its stake in Barrick Mining by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 535,461 shares of the gold and copper producer's stock valued at $8,299,000 after acquiring an additional 51,848 shares during the period. D.A. Davidson & CO. increased its stake in Barrick Mining by 32.2% during the fourth quarter. D.A. Davidson & CO. now owns 99,048 shares of the gold and copper producer's stock valued at $1,535,000 after acquiring an additional 24,145 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in Barrick Mining by 48.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 33,366 shares of the gold and copper producer's stock valued at $517,000 after acquiring an additional 10,840 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Stock Down 0.7%

NYSE B opened at $20.98 on Friday. The firm has a market cap of $35.97 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.35 and a beta of 0.27. Barrick Mining Corporation has a one year low of $17.41 and a one year high of $47.50. The stock's 50 day simple moving average is $19.53 and its 200 day simple moving average is $18.10. 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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the company earned $0.19 EPS. Barrick Mining's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio is 30.08%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup lowered their price target on Barrick Mining from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Scotiabank boosted their price target 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. BMO Capital Markets started coverage on Barrick Mining in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. UBS Group upped their price objective on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

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.

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