22,814 Shares in Barrick Mining Corporation $B Acquired by S.A. Mason LLC

Key Points

• S.A. Mason LLC has acquired a new stake in Barrick Mining Corporation, purchasing 22,814 shares valued at approximately $475,000 in the second quarter.
• Positive sentiment surrounds Barrick Mining, with analysts increasing price targets following recent earnings, including Bank of America's raise from $29 to $34.
• Barrick Mining recently announced a quarterly dividend of $0.15, reflecting a 1.8% dividend yield with a payout ratio of 37.74%.

S.A. Mason LLC purchased a new stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 22,814 shares of the gold and copper producer's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of 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 buying an additional 563 shares during the last quarter. Sapient Capital LLC boosted its stake in shares of Barrick Mining by 0.5% in the 1st 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 in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Barrick Mining by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer's stock valued at $558,000 after purchasing an additional 710 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its stake in shares of Barrick Mining by 1.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer's stock valued at $924,000 after purchasing an additional 716 shares in the last quarter. Finally, Edge Wealth Management LLC boosted its stake in shares of Barrick Mining by 6.1% in the 1st quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock valued at $255,000 after purchasing an additional 755 shares in the last quarter. Institutional investors own 90.82% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on B shares. Royal Bank Of Canada set a $26.00 price target on shares of Barrick Mining and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Bank of America increased their price target on shares of Barrick Mining from $29.00 to $34.00 and gave the company a "neutral" rating in a research report on Friday. Raymond James Financial increased their price target on shares of Barrick Mining from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Monday. National Bank Financial raised shares of Barrick Mining from a "sector perform" rating to an "outperform" rating in a research report on Monday. Finally, Cibc World Mkts raised shares of Barrick Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.00.

Barrick Mining Stock Up 7.2%

NYSE:B traded up $2.38 on Monday, reaching $35.37. 51,681,822 shares of the stock traded hands, compared to its average volume of 20,044,188. The company has a market capitalization of $60.23 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 0.58 and a beta of 0.27. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a 12 month low of $15.11 and a 12 month high of $35.70. The company's fifty day simple moving average is $25.12 and its 200 day simple moving average is $21.54.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings data on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.60 billion. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. Barrick Mining's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. Equities analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.15 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining's payout ratio is currently 37.74%.

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.