Vanguard Group Inc. Has $1.34 Billion Position in Barrick Mining Corporation (NYSE:B)

Vanguard Group Inc. raised its holdings in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,861,295 shares of the gold and copper producer's stock after acquiring an additional 502,762 shares during the quarter. Vanguard Group Inc. owned approximately 4.00% of Barrick Mining worth $1,337,012,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in B. Vega Investment Solutions purchased a new position in shares of Barrick Mining during the 4th quarter worth approximately $31,000. Nexus Investment Management ULC acquired a new stake in shares of Barrick Mining during the first quarter worth $32,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Barrick Mining during the first quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Barrick Mining during the fourth quarter worth $37,000. Finally, Ameriflex Group Inc. acquired a new position in Barrick Mining in the fourth quarter valued at $39,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Price Performance

Shares of B traded up $0.27 during mid-day trading on Friday, hitting $23.89. 2,009,853 shares of the company traded hands, compared to its average volume of 19,538,639. Barrick Mining Corporation has a one year low of $15.11 and a one year high of $24.15. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $21.44 and a 200 day moving average of $19.60. The stock has a market capitalization of $40.76 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.37 and a beta of 0.27.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on B shares. Scotiabank set a $26.00 price objective on Barrick Mining and gave the company a "sector perform" rating in a research report on Wednesday. Royal Bank Of Canada set a $26.00 price objective on Barrick Mining and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Cibc World Mkts upgraded Barrick Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Finally, CIBC upgraded Barrick Mining from a "neutral" rating to an "outperform" rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.77.

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.