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

Sava Infond d.o.o. raised its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 359.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,270 shares of the gold and copper producer's stock after acquiring an additional 62,000 shares during the quarter. Sava Infond d.o.o.'s holdings in Barrick Mining were worth $1,541,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital International Investors boosted its position in shares of Barrick Mining by 136.1% in the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after purchasing an additional 19,189,830 shares in the last quarter. Causeway Capital Management LLC bought a new stake in shares of Barrick Mining in the 4th quarter worth approximately $172,225,000. Wellington Management Group LLP boosted its position in shares of Barrick Mining by 17.5% in the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock worth $996,802,000 after purchasing an additional 9,598,292 shares in the last quarter. FIL Ltd boosted its position in shares of Barrick Mining by 236.7% in the 4th quarter. FIL Ltd now owns 6,815,946 shares of the gold and copper producer's stock worth $105,692,000 after purchasing an additional 4,791,663 shares in the last quarter. Finally, Capital International Inc. CA bought a new stake in shares of Barrick Mining in the 4th quarter worth approximately $57,991,000. 90.82% of the stock is owned by institutional investors.

Barrick Mining Stock Performance

Shares of NYSE:B traded down $0.74 during midday trading on Friday, hitting $20.46. The company had a trading volume of 12,865,342 shares, compared to its average volume of 3,635,181. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. The company has a market cap of $35.07 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.34 and a beta of 0.27. Barrick Mining Corporation has a 12-month low of $17.41 and a 12-month high of $47.50. The company has a fifty day moving average of $19.58 and a two-hundred day moving average of $18.23.

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

Barrick Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 annualized dividend and a dividend yield of 1.96%. Barrick Mining's dividend payout ratio (DPR) is 30.08%.

Wall Street Analyst Weigh In

B has been the subject of a number of recent analyst reports. BMO Capital Markets initiated coverage on shares of Barrick Mining in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. Raymond James Financial boosted their price objective 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. Wall Street Zen lowered shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. National Bankshares restated an "outperform" rating on shares of Barrick Mining in a report on Wednesday, April 2nd. Finally, Citigroup decreased their price objective on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $24.05.

About Barrick Mining

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.