Aviva PLC Acquires New Shares in Barrick Mining Corporation $B

Aviva PLC bought a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,284,877 shares of the gold and copper producer’s stock, valued at approximately $26,745,000. Aviva PLC owned about 0.08% of Barrick Mining at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in B. First Eagle Investment Management LLC acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $822,056,000. TD Asset Management Inc bought a new stake in Barrick Mining during the second quarter worth approximately $386,328,000. Ninety One UK Ltd acquired a new position in Barrick Mining during the second quarter valued at approximately $326,862,000. ANTIPODES PARTNERS Ltd acquired a new position in Barrick Mining during the second quarter valued at approximately $169,302,000. Finally, Equity Investment Corp bought a new position in shares of Barrick Mining in the second quarter valued at approximately $89,362,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Stock Up 1.5%

NYSE B opened at $33.05 on Monday. Barrick Mining Corporation has a twelve month low of $15.11 and a twelve month high of $36.40. The stock has a market cap of $55.76 billion, a PE ratio of 20.78, a PEG ratio of 0.40 and a beta of 0.28. The firm has a 50-day simple moving average of $31.94 and a 200 day simple moving average of $24.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21.

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, meeting the consensus estimate of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

B has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Barrick Mining from $21.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Royal Bank Of Canada boosted their price objective on Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Finally, UBS Group increased their target price on Barrick Mining from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and a consensus target price of $42.90.

About Barrick Mining

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.