Janney Montgomery Scott LLC Has $5.66 Million Stake in Barrick Mining Corporation (NYSE:B)

Janney Montgomery Scott LLC grew its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 25.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 291,281 shares of the gold and copper producer's stock after acquiring an additional 59,906 shares during the period. Janney Montgomery Scott LLC's holdings in Barrick Mining were worth $5,663,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Barrick Mining by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer's stock valued at $78,637,000 after acquiring an additional 128,203 shares during the last quarter. New York State Common Retirement Fund bought a new position in Barrick Mining during the 4th quarter worth $2,614,000. Atria Wealth Solutions Inc. raised its position in Barrick Mining by 48.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 33,366 shares of the gold and copper producer's stock worth $517,000 after purchasing an additional 10,840 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Barrick Mining by 66.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer's stock worth $940,000 after purchasing an additional 24,176 shares during the last quarter. Finally, RWC Asset Management LLP raised its position in Barrick Mining by 14.4% during the 4th quarter. RWC Asset Management LLP now owns 3,254,263 shares of the gold and copper producer's stock worth $50,441,000 after purchasing an additional 409,677 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

B has been the subject of several analyst reports. Raymond James Financial raised their target price on Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. National Bank Financial raised Barrick Mining to a "hold" rating in a research report on Friday, March 21st. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, Royal Bank Of Canada raised their target price on Barrick Mining from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Seven 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.05.

Barrick Mining Stock Down 2.3%

Barrick Mining stock traded down $0.49 during midday trading on Tuesday, reaching $20.70. The stock had a trading volume of 15,229,860 shares, compared to its average volume of 3,436,122. Barrick Mining Corporation has a 12 month low of $17.41 and a 12 month high of $47.50. The company has a market capitalization of $35.48 billion, a P/E ratio of 15.56, a PEG ratio of 0.34 and a beta of 0.27. The company has a fifty day moving average price of $19.55 and a two-hundred day moving average price of $18.14. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14.

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 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $0.19 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's 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.