1,467 Shares in Barrick Mining Corporation $B Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd acquired a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,467 shares of the gold and copper producer’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. acquired a new stake in Barrick Mining during the second quarter worth approximately $25,000. Concord Wealth Partners acquired a new stake in Barrick Mining during the second quarter worth approximately $26,000. Crowley Wealth Management Inc. acquired a new stake in Barrick Mining during the second quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new stake in Barrick Mining during the second quarter worth approximately $27,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in Barrick Mining during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

B has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Barrick Mining from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a report on Monday, September 22nd. Royal Bank Of Canada lifted their target price on shares of Barrick Mining from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Citigroup lifted their target price on shares of Barrick Mining from $21.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, CIBC lifted their target price on shares of Barrick Mining from $38.00 to $50.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Barrick Mining Stock Performance

NYSE:B opened at $33.41 on Friday. The firm’s fifty day moving average price is $29.71 and its 200 day moving average price is $23.46. Barrick Mining Corporation has a 1-year low of $15.11 and a 1-year high of $36.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. The firm has a market cap of $56.88 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 0.54 and a beta of 0.30.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period last year, the firm posted $0.32 EPS. Barrick Mining’s quarterly revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 29th. Barrick Mining’s dividend payout ratio (DPR) is 37.74%.

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.