Public Employees Retirement System of Ohio purchased a new position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 489,758 shares of the gold and copper producer's stock, valued at approximately $18,002,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CW Advisors LLC bought a new stake in shares of Barrick Mining in the second quarter worth $283,000. EverSource Wealth Advisors LLC bought a new stake in Barrick Mining in the second quarter valued at about $53,000. First Trust Advisors LP acquired a new stake in Barrick Mining during the second quarter valued at approximately $857,000. Baird Financial Group Inc. acquired a new stake in Barrick Mining during the second quarter valued at approximately $2,569,000. Finally, Cresset Asset Management LLC bought a new position in Barrick Mining during the 2nd quarter worth approximately $543,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on B shares. Royal Bank Of Canada lowered their price target on Barrick Mining from $51.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Citigroup reaffirmed a "positive" rating on shares of Barrick Mining in a report on Wednesday, July 15th. Wall Street Zen cut shares of Barrick Mining from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. TD reduced their price target on shares of Barrick Mining from $61.00 to $59.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Finally, UBS Group decreased their price target on shares of Barrick Mining from $54.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and an average price target of $52.57.
View Our Latest Stock Analysis on Barrick Mining
Barrick Mining Stock Performance
B stock opened at $45.75 on Friday. The stock's fifty day moving average is $39.46 and its two-hundred day moving average is $41.62. The stock has a market capitalization of $75.30 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.87 and a beta of 0.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 3.01. Barrick Mining Corporation has a 1 year low of $26.16 and a 1 year high of $54.69.
Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The business had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter last year, the company earned $0.47 EPS. The company's revenue for the quarter was up 43.8% compared to the same quarter last year. On average, research analysts predict that Barrick Mining Corporation will post 3.56 EPS for the current year.
Barrick Mining Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 31st. Barrick Mining's dividend payout ratio (DPR) is currently 18.04%.
Barrick Mining Profile
(
Free Report)
Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.
The company's activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.
See Also
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