Jeppson Wealth Management LLC Invests $263,000 in Barrick Mining Corporation $B

Key Points

• Jeppson Wealth Management LLC has invested approximately $263,000 in Barrick Mining Corporation, acquiring 12,623 shares in the second quarter.
• Barrick Mining recently reported a 16.4% increase in quarterly revenue year-over-year, totaling $3.72 billion, while earnings per share matched analysts' expectations at $0.47.
• Despite positive growth signals, Barrick Mining's stock has experienced a 2.7% decline in value, currently priced at $33.61.

Jeppson Wealth Management LLC acquired a new position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,623 shares of the gold and copper producer's stock, valued at approximately $263,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Barrick Mining by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 68,861,295 shares of the gold and copper producer's stock valued at $1,337,012,000 after purchasing an additional 502,762 shares during the period. TD Asset Management Inc boosted its holdings in shares of Barrick Mining by 1.6% in the first quarter. TD Asset Management Inc now owns 17,950,892 shares of the gold and copper producer's stock worth $348,479,000 after buying an additional 275,015 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Barrick Mining by 1.9% in the first quarter. Mackenzie Financial Corp now owns 15,614,848 shares of the gold and copper producer's stock worth $303,161,000 after buying an additional 296,472 shares during the last quarter. Ruffer LLP grew its position in Barrick Mining by 1.5% during the first quarter. Ruffer LLP now owns 10,426,795 shares of the gold and copper producer's stock valued at $202,701,000 after buying an additional 156,947 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its position in Barrick Mining by 0.6% during the first quarter. ANTIPODES PARTNERS Ltd now owns 10,112,758 shares of the gold and copper producer's stock valued at $196,608,000 after buying an additional 61,298 shares during the period. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Down 2.7%

B opened at $33.61 on Thursday. The stock has a market cap of $57.23 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. The firm's fifty day moving average is $25.64 and its 200 day moving average is $21.71. Barrick Mining Corporation has a fifty-two week low of $15.11 and a fifty-two week high of $36.10.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The business had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.60 billion. During the same period last year, the firm earned $0.32 earnings per share. The business's quarterly revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, August 29th. Barrick Mining's dividend payout ratio is presently 37.74%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on B. Wall Street Zen downgraded shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. National Bank Financial upgraded Barrick Mining from a "sector perform" rating to an "outperform" rating in a research note on Monday. National Bankshares raised Barrick Mining to an "outperform" rating in a report on Monday. UBS Group lifted their target price on Barrick Mining from $26.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Finally, TD Securities upped their price target on Barrick Mining from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.33.

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.