RFG Advisory LLC Has $1.03 Million Holdings in Barrick Mining Corporation $B

RFG Advisory LLC lowered its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 50.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 27,955 shares of the gold and copper producer's stock after selling 28,664 shares during the period. RFG Advisory LLC's holdings in Barrick Mining were worth $1,027,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Barrick Mining by 231.3% during the 2nd quarter. NewEdge Advisors LLC now owns 138,414 shares of the gold and copper producer's stock worth $5,084,000 after acquiring an additional 96,636 shares during the period. Spark Investment Management LLC increased its holdings in Barrick Mining by 31.6% in the second quarter. Spark Investment Management LLC now owns 50,000 shares of the gold and copper producer's stock worth $1,837,000 after purchasing an additional 12,000 shares in the last quarter. West Family Investments Inc. increased its holdings in Barrick Mining by 82.8% in the second quarter. West Family Investments Inc. now owns 9,811 shares of the gold and copper producer's stock worth $360,000 after purchasing an additional 4,444 shares in the last quarter. Bank OZK lifted its stake in Barrick Mining by 24.1% in the second quarter. Bank OZK now owns 39,317 shares of the gold and copper producer's stock valued at $1,444,000 after buying an additional 7,635 shares during the period. Finally, Nykredit A S acquired a new position in Barrick Mining in the second quarter valued at approximately $3,917,000. 90.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on B. Citigroup lifted their price objective on shares of Barrick Mining from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Barrick Mining in a research note on Friday, August 7th. TD reduced their price target on shares of Barrick Mining from $61.00 to $59.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of Barrick Mining from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 14th. Finally, Scotiabank dropped their price objective on shares of Barrick Mining from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.63.

Barrick Mining Stock Up 0.4%

Barrick Mining stock opened at $43.62 on Friday. The firm has a market capitalization of $71.80 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.28 and a beta of 0.51. The firm's fifty day moving average price is $40.81 and its two-hundred day moving average price is $41.40. Barrick Mining Corporation has a 1-year low of $28.38 and a 1-year high of $54.69. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm's revenue for the quarter was up 43.8% on a year-over-year basis. On average, equities research analysts predict that Barrick Mining Corporation will post 3.48 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. Barrick Mining's payout ratio is currently 18.04%.

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the production of gold and copper. Its activities include the exploration, development, construction and operation of mines, as well as processing ore into refined metal products.

The company operates and holds interests in mining assets across several regions, including North America, South America, Africa, the Middle East and Papua New Guinea. Its portfolio includes gold operations such as Nevada Gold Mines in the United States, Pueblo Viejo in the Dominican Republic, Veladero in Argentina, Kibali in the Democratic Republic of the Congo, and North Mara and Bulyanhulu in Tanzania.

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