Oppenheimer & Close LLC Has $2.22 Million Stock Position in Barrick Mining Corporation (NYSE:B)

Oppenheimer & Close LLC raised its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 264.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,936 shares of the gold and copper producer's stock after acquiring an additional 82,636 shares during the period. Barrick Mining makes up about 1.8% of Oppenheimer & Close LLC's portfolio, making the stock its 21st biggest holding. Oppenheimer & Close LLC's holdings in Barrick Mining were worth $2,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in Barrick Mining by 21.8% during the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock valued at $62,000 after purchasing an additional 563 shares in the last quarter. Sapient Capital LLC raised its holdings in shares of Barrick Mining by 0.5% during the 1st quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock worth $2,227,000 after buying an additional 624 shares in the last quarter. Keystone Financial Group raised its holdings in shares of Barrick Mining by 1.4% during the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock worth $874,000 after buying an additional 753 shares in the last quarter. Edge Wealth Management LLC raised its holdings in shares of Barrick Mining by 6.1% during the 1st quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock worth $255,000 after buying an additional 755 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Barrick Mining by 55.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,193 shares of the gold and copper producer's stock worth $43,000 after buying an additional 785 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Trading Up 1.1%

Shares of B stock traded up $0.23 on Friday, hitting $21.45. The company had a trading volume of 7,362,036 shares, compared to its average volume of 3,837,706. The firm has a market cap of $36.76 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.34 and a beta of 0.28. The stock's 50-day moving average is $19.74 and its two-hundred day moving average is $18.40. 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 twelve month low of $17.41 and a twelve month high of $47.50.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Friday, May 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio (DPR) is presently 30.08%.

Analysts Set New Price Targets

Several research analysts have commented on B shares. Stifel Canada raised Barrick Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James Financial upped their price objective on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. UBS Group upped their price objective on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a report on Wednesday, April 2nd. Finally, CIBC upped their price target on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.05.

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.