TD Asset Management Inc Buys 275,015 Shares of Barrick Mining Corporation (NYSE:B)

Key Points

• TD Asset Management has increased its holdings in Barrick Mining Corporation by 1.6%, owning 17,950,892 shares worth approximately $348.48 million as of its latest SEC filing.
• The recent quarterly earnings report revealed Barrick Mining had earnings per share of $0.35, exceeding analysts' expectations of $0.29, and a revenue of $3 billion, a 13.9% increase from the same quarter last year.
• Barrick Mining announced a quarterly dividend of $0.10 per share, yielding 1.84%, with a payout ratio of 30.08% based on the latest financial data.

TD Asset Management Inc increased its position in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,950,892 shares of the gold and copper producer's stock after acquiring an additional 275,015 shares during the period. TD Asset Management Inc owned approximately 1.04% of Barrick Mining worth $348,479,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in 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 valued at $62,000 after buying an additional 563 shares in the last quarter. Sapient Capital LLC boosted its position in shares of Barrick Mining by 0.5% during 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 position in shares of Barrick Mining by 2.5% during 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. Keystone Financial Group boosted its holdings in shares of Barrick Mining by 1.4% in the fourth quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock worth $874,000 after buying an additional 753 shares during the period. Finally, Edge Wealth Management LLC boosted its holdings in shares of Barrick Mining by 6.1% in the first quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock worth $255,000 after buying an additional 755 shares during the period. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Mining Price Performance

Shares of NYSE:B traded down $0.10 on Wednesday, hitting $21.41. The stock had a trading volume of 3,900,451 shares, compared to its average volume of 19,949,232. Barrick Mining Corporation has a twelve month low of $15.11 and a twelve month high of $21.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87. The firm's 50 day moving average price is $20.66 and its 200-day moving average price is $19.06. The company has a market capitalization of $36.52 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 0.33 and a beta of 0.28.

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

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.87%. Barrick Mining's dividend payout ratio is currently 30.08%.

Analyst Upgrades and Downgrades

B has been the subject of several recent analyst reports. National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a report on Wednesday, April 2nd. Royal Bank Of Canada set a $26.00 price objective on shares of Barrick Mining and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. BMO Capital Markets assumed coverage on shares of Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. Scotiabank lifted their price target on shares of Barrick Mining from $20.00 to $22.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.41.

Barrick Mining 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.