ORG Partners LLC Purchases 20,023 Shares of Barrick Mining Corporation (NYSE:B)

ORG Partners LLC boosted its holdings in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 2,800.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,738 shares of the gold and copper producer's stock after purchasing an additional 20,023 shares during the quarter. ORG Partners LLC's holdings in Barrick Mining were worth $408,000 at the end of the most recent quarter.

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

Barrick Mining Price Performance

Shares of B traded down $0.15 during mid-day trading on Friday, reaching $20.98. The company had a trading volume of 16,368,611 shares, compared to its average volume of 3,307,345. 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 company has a market capitalization of $35.97 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.35 and a beta of 0.27. Barrick Mining Corporation has a twelve month low of $17.41 and a twelve month high of $47.50. The company's 50-day moving average is $19.53 and its 200-day moving average is $18.10.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its 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. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the business earned $0.19 EPS. Barrick Mining's revenue was up 13.9% compared to the same quarter last year. On average, equities analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Dividend Announcement

The firm also recently declared 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 1.91%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio is 30.08%.

Wall Street Analysts Forecast Growth

B has been the topic of several recent analyst reports. Stifel Canada raised Barrick Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. UBS Group raised their price target on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, April 11th. Raymond James Financial lifted their price objective on shares of Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Mining in a report on Wednesday, April 2nd. Finally, Citigroup decreased their target price on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.05.

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.