Vontobel Holding Ltd. Raises Stock Position in Barrick Mining Corporation (NYSE:B)

Vontobel Holding Ltd. increased its position in shares of Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 142.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,591 shares of the gold and copper producer's stock after purchasing an additional 53,177 shares during the period. Vontobel Holding Ltd.'s holdings in Barrick Mining were worth $1,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of Barrick Mining by 21.8% during the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock worth $62,000 after purchasing an additional 563 shares during the last quarter. Sapient Capital LLC lifted its holdings in shares of Barrick Mining by 0.5% in 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 during the last quarter. Keystone Financial Group lifted its holdings in shares of Barrick Mining by 1.4% in the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock valued at $874,000 after purchasing an additional 753 shares during the last quarter. Edge Wealth Management LLC lifted its holdings in shares of Barrick Mining by 6.1% in the 1st quarter. Edge Wealth Management LLC now owns 13,110 shares of the gold and copper producer's stock valued at $255,000 after purchasing an additional 755 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Barrick Mining by 55.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,193 shares of the gold and copper producer's stock valued at $43,000 after purchasing an additional 785 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Mining Stock Performance

B traded up $0.23 during trading on Friday, reaching $21.45. The company's stock had a trading volume of 7,362,036 shares, compared to its average volume of 3,837,706. Barrick Mining Corporation has a 52-week low of $17.41 and a 52-week high of $47.50. The company's fifty day moving average price is $19.74 and its 200-day moving average price is $18.40. The company has a market capitalization of $36.76 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth 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 data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the company earned $0.19 EPS. The firm's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities 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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, May 30th. Barrick Mining's dividend payout ratio is presently 30.08%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on B. National Bankshares reissued an "outperform" rating on shares of Barrick Mining in a report on Wednesday, April 2nd. Raymond James Financial boosted their target price on Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a report on Monday, March 31st. CIBC boosted their target price on Barrick Mining from $22.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. National Bank Financial raised Barrick Mining to a "hold" rating in a report on Friday, March 21st. Finally, Wall Street Zen upgraded shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Seven research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.05.

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.