Sava Infond d.o.o. Buys 62,000 Shares of Barrick Mining Corporation (NYSE:B)

Sava Infond d.o.o. boosted its stake in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 359.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,270 shares of the gold and copper producer's stock after purchasing an additional 62,000 shares during the period. Sava Infond d.o.o.'s holdings in Barrick Mining were worth $1,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in B. Crowley Wealth Management Inc. bought a new position in Barrick Mining in the fourth quarter worth approximately $26,000. Nexus Investment Management ULC bought a new position in Barrick Mining in the first quarter worth approximately $32,000. Vega Investment Solutions bought a new position in Barrick Mining in the fourth quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB raised its position in Barrick Mining by 55.8% in 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 acquiring an additional 785 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in Barrick Mining in the fourth quarter worth approximately $37,000. Institutional investors own 90.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Raymond James Financial increased their price objective on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a research note on Monday, March 31st. UBS Group increased their price objective on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Royal Bank Of Canada increased their price objective on shares of Barrick Mining from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Citigroup reduced their price objective on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.05.

Barrick Mining Stock Performance

B opened at $21.19 on Tuesday. The stock has a market capitalization of $36.33 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 0.35 and a beta of 0.27. The company has a fifty day moving average of $19.55 and a 200 day moving average of $18.14. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $47.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same period last year, the company posted $0.19 EPS. The business's revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

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

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.

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