SBI Securities Co. Ltd. Boosts Stock Holdings in Barrick Mining Corporation (NYSE:B)

SBI Securities Co. Ltd. boosted its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 207.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 460,793 shares of the gold and copper producer's stock after purchasing an additional 310,951 shares during the period. SBI Securities Co. Ltd.'s holdings in Barrick Mining were worth $8,958,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC increased its stake in Barrick Mining by 1,919.0% in the first quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer's stock valued at $56,000 after acquiring an additional 2,821 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Barrick Mining by 14.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock valued at $1,141,000 after acquiring an additional 9,149 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Barrick Mining by 24.4% in the first quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer's stock valued at $404,000 after acquiring an additional 4,082 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Barrick Mining by 25.9% during the first quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer's stock valued at $5,663,000 after buying an additional 59,906 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Barrick Mining during the fourth quarter valued at about $19,505,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Mining Price Performance

Shares of NYSE B opened at $21.22 on Monday. 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 50 day simple moving average of $19.97 and a two-hundred day simple moving average of $18.61. The company has a market capitalization of $36.38 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 0.34 and a beta of 0.28. 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 announced its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

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

Wall Street Analysts Forecast Growth

B has been the subject of several analyst reports. National Bank Financial upgraded shares of Barrick Mining to a "hold" rating in a research report on Friday, March 21st. UBS Group upped their price target on shares of Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, April 11th. BMO Capital Markets initiated coverage on shares of Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. National Bankshares restated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Finally, Citigroup dropped their target price 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, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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