2,070 Shares in Barrick Mining Corporation $B Bought by LRI Investments LLC

LRI Investments LLC bought a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,070 shares of the gold and copper producer’s stock, valued at approximately $43,000.

Several other large investors have also bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in Barrick Mining by 21.8% during the 1st 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. Kestra Private Wealth Services LLC grew its holdings in 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 worth $558,000 after acquiring an additional 710 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in Barrick Mining by 1.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer’s stock worth $924,000 after acquiring an additional 716 shares during the period. Wedbush Securities Inc. grew its holdings in Barrick Mining by 5.9% during the 1st quarter. Wedbush Securities Inc. now owns 18,629 shares of the gold and copper producer’s stock worth $362,000 after acquiring an additional 1,031 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Barrick Mining by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 287,668 shares of the gold and copper producer’s stock worth $5,592,000 after acquiring an additional 1,035 shares during the period. 90.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on B. Canaccord Genuity Group increased their price target on Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Scotiabank increased their price target on Barrick Mining from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 13th. Raymond James Financial set a $40.00 price target on Barrick Mining and gave the stock an “outperform” rating in a report on Friday. Royal Bank Of Canada increased their price target on Barrick Mining from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Finally, National Bankshares upgraded Barrick Mining to an “outperform” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.10.

Barrick Mining Stock Performance

Shares of B opened at $33.39 on Tuesday. 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 stock has a 50-day moving average of $28.81 and a 200-day moving average of $23.08. The company has a market cap of $56.86 billion, a PE ratio of 21.00, a P/E/G ratio of 0.53 and a beta of 0.30. Barrick Mining Corporation has a one year low of $15.11 and a one year high of $36.10.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its 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. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.60 billion. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. On average, equities research analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

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