2,252 Shares in Barrick Mining Corporation $B Bought by Whittier Trust Co.

Whittier Trust Co. acquired a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,252 shares of the gold and copper producer’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in B. Wealth Enhancement Advisory Services LLC raised its stake in Barrick Mining by 1.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,792 shares of the gold and copper producer’s stock valued at $1,454,000 after buying an additional 1,156 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in Barrick Mining by 109.1% in the first quarter. Oppenheimer & Co. Inc. now owns 85,421 shares of the gold and copper producer’s stock valued at $1,661,000 after buying an additional 44,570 shares during the last quarter. Spire Wealth Management raised its stake in Barrick Mining by 46.1% in the first quarter. Spire Wealth Management now owns 3,785 shares of the gold and copper producer’s stock valued at $74,000 after buying an additional 1,194 shares during the last quarter. Bessemer Group Inc. raised its stake in Barrick Mining by 959.2% in the first quarter. Bessemer Group Inc. now owns 65,631 shares of the gold and copper producer’s stock valued at $1,275,000 after buying an additional 59,435 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in Barrick Mining by 49.9% in the first quarter. Perigon Wealth Management LLC now owns 50,723 shares of the gold and copper producer’s stock valued at $986,000 after buying an additional 16,882 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on B shares. Royal Bank Of Canada increased their price target on Barrick Mining from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. National Bankshares raised Barrick Mining to an “outperform” rating in a report on Monday, September 22nd. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a report on Monday, September 22nd. Finally, Cibc World Mkts raised Barrick Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.70.

Barrick Mining Stock Performance

Shares of NYSE:B opened at $32.51 on Friday. 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 business’s 50 day moving average price is $30.59 and its 200-day moving average price is $23.92. The firm has a market capitalization of $55.35 billion, a PE ratio of 20.44, a P/E/G ratio of 0.40 and a beta of 0.30. Barrick Mining Corporation has a 1 year low of $15.11 and a 1 year high of $36.40.

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

Barrick Mining Cuts Dividend

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