Oxbow Advisors LLC Decreases Holdings in Barrick Mining Corporation (NYSE:B)

Oxbow Advisors LLC trimmed its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 32.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,355 shares of the gold and copper producer's stock after selling 17,777 shares during the period. Oxbow Advisors LLC's holdings in Barrick Mining were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of B. Penserra Capital Management LLC increased its stake in Barrick Mining by 1,919.0% during the 1st quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer's stock valued at $56,000 after purchasing an additional 2,821 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Barrick Mining by 14.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock valued at $1,141,000 after purchasing an additional 9,149 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Barrick Mining by 24.4% in the first quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer's stock worth $404,000 after acquiring an additional 4,082 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Barrick Mining by 25.9% in the first quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer's stock worth $5,663,000 after acquiring an additional 59,906 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Barrick Mining in the fourth quarter worth $19,505,000. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Up 0.9%

Shares of NYSE:B traded up $0.19 during mid-day trading on Wednesday, reaching $21.22. 13,562,094 shares of the stock were exchanged, compared to its average volume of 4,257,135. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. The company has a market cap of $36.19 billion, a P/E ratio of 15.95, a P/E/G ratio of 0.34 and a beta of 0.28. Barrick Mining Corporation has a one year low of $17.41 and a one year high of $47.50. The stock's 50 day simple moving average is $20.06 and its 200-day simple moving average is $18.67.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the previous year, the firm earned $0.19 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on B shares. Raymond James Financial increased their price target on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a report on Monday, March 31st. CIBC increased their price target on shares of Barrick Mining from $24.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday. National Bank Financial raised shares of Barrick Mining to a "hold" rating in a report on Friday, March 21st. Stifel Canada raised shares of Barrick Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and a consensus price target of $24.41.

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.