24,449 Shares in Barrick Mining Corporation (NYSE:B) Bought by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd purchased a new stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 24,449 shares of the gold and copper producer's stock, valued at approximately $474,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Barrick Mining by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,587,147 shares of the gold and copper producer's stock worth $24,601,000 after purchasing an additional 54,182 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Barrick Mining by 204.2% during the 4th quarter. Jones Financial Companies Lllp now owns 41,399 shares of the gold and copper producer's stock valued at $642,000 after buying an additional 27,788 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of 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 valued at $940,000 after buying an additional 24,176 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Barrick Mining by 2.6% during 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 buying an additional 128,203 shares during the period. Finally, M&T Bank Corp raised its position in shares of Barrick Mining by 2.6% during the 4th quarter. M&T Bank Corp now owns 46,320 shares of the gold and copper producer's stock valued at $718,000 after buying an additional 1,179 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Stock Up 0.7%

Shares of NYSE:B traded up $0.15 during trading on Friday, hitting $21.22. The company's stock had a trading volume of 8,632,540 shares, compared to its average volume of 4,081,517. The business has a 50 day moving average price of $19.97 and a two-hundred day moving average price of $18.57. The company has a market capitalization of $36.38 billion, a PE ratio of 15.95, a P/E/G ratio of 0.34 and a beta of 0.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87. 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 posted its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. As a group, research 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 paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.89%. Barrick Mining's payout ratio is currently 30.08%.

Analyst Ratings Changes

Several analysts have recently commented on B shares. BMO Capital Markets started coverage on shares of Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. Raymond James Financial lifted their price target on shares of Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday, March 31st. UBS Group lifted their price target on shares of Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Scotiabank lifted their price target on shares of Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, Royal Bank Of Canada set a $26.00 target price on shares of Barrick Mining and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.05.

About Barrick Mining

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.