Oppenheimer & Co. Inc. Purchases 44,570 Shares of Barrick Mining Corporation (NYSE:B)

Oppenheimer & Co. Inc. raised its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 109.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,421 shares of the gold and copper producer's stock after buying an additional 44,570 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Barrick Mining were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in B. Continuum Advisory LLC increased 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 buying an additional 1,315 shares during the last quarter. Comprehensive Money Management Services LLC grew its position 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 worth $877,000 after acquiring an additional 1,700 shares in the last quarter. Brickwood Asset Management LLP raised its position in Barrick Mining by 0.3% during 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. lifted its stake in Barrick Mining by 53.6% during the first quarter. Intact Investment Management Inc. now owns 2,254,840 shares of the gold and copper producer's stock worth $43,785,000 after purchasing an additional 786,820 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Barrick Mining by 2,800.4% in the 1st quarter. ORG Partners LLC now owns 20,738 shares of the gold and copper producer's stock worth $408,000 after purchasing an additional 20,023 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

B has been the topic of several research reports. BMO Capital Markets initiated coverage on shares of Barrick Mining in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Raymond James Financial lifted their target price 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. CIBC boosted their price target on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. UBS Group raised their price objective on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Citigroup decreased their price objective on Barrick Mining from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Barrick Mining currently has an average rating of "Moderate Buy" and an average target price of $24.05.

Barrick Mining Trading Down 3.5%

Shares of NYSE B traded down $0.74 during trading hours on Friday, hitting $20.46. The company's stock had a trading volume of 12,865,342 shares, compared to its average volume of 3,651,647. Barrick Mining Corporation has a 12 month low of $17.41 and a 12 month high of $47.50. The stock has a market cap of $35.07 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.33 and a beta of 0.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87. The business has a 50-day simple moving average of $19.58 and a 200-day simple moving average of $18.23.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released 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 last year, the business posted $0.19 EPS. The business's revenue was up 13.9% on a year-over-year basis. On average, analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's payout ratio is currently 30.08%.

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.