Oppenheimer Asset Management Inc. Has $5.39 Million Stock Position in Barrick Mining Corporation (NYSE:B)

Oppenheimer Asset Management Inc. lowered its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 18.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,427 shares of the gold and copper producer's stock after selling 63,838 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Barrick Mining were worth $5,393,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in B. Continuum Advisory LLC grew its holdings in shares of Barrick Mining by 117.7% in the 1st quarter. Continuum Advisory LLC now owns 2,432 shares of the gold and copper producer's stock worth $47,000 after acquiring an additional 1,315 shares during the last quarter. Comprehensive Money Management Services LLC grew its stake in Barrick Mining by 3.9% in the first quarter. Comprehensive Money Management Services LLC now owns 45,105 shares of the gold and copper producer's stock valued at $877,000 after purchasing an additional 1,700 shares in the last quarter. Brickwood Asset Management LLP grew its stake in Barrick Mining by 0.3% in the first quarter. Brickwood Asset Management LLP now owns 1,759,574 shares of the gold and copper producer's stock valued at $34,171,000 after purchasing an additional 4,992 shares in the last quarter. Intact Investment Management Inc. grew its stake in Barrick Mining by 53.6% in the first quarter. Intact Investment Management Inc. now owns 2,254,840 shares of the gold and copper producer's stock valued at $43,785,000 after purchasing an additional 786,820 shares in the last quarter. Finally, ORG Partners LLC grew its stake in Barrick Mining by 2,800.4% in the first quarter. ORG Partners LLC now owns 20,738 shares of the gold and copper producer's stock valued at $408,000 after purchasing an additional 20,023 shares in the last quarter. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Performance

Shares of NYSE B traded up $0.30 during trading hours on Thursday, hitting $21.17. 11,315,877 shares of the company's stock were exchanged, compared to its average volume of 3,551,886. Barrick Mining Corporation has a 1-year low of $17.41 and a 1-year high of $47.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. The stock has a market capitalization of $36.30 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 0.33 and a beta of 0.27. The company's 50-day moving average price is $19.56 and its 200-day moving average price is $18.18.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share 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 analysts' expectations of $3.15 billion. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts expect that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.89%. Barrick Mining's dividend payout ratio (DPR) is 30.08%.

Wall Street Analyst Weigh In

A number of research analysts have commented on B shares. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. CIBC boosted their target price on Barrick Mining from $22.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. UBS Group upped their price target on Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Finally, Scotiabank upped their price target on Barrick Mining from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.