13,550 Shares in Barrick Mining Corporation $B Acquired by Rothschild Investment LLC

Rothschild Investment LLC acquired a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 13,550 shares of the gold and copper producer’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vermillion Wealth Management Inc. purchased a new stake in shares of Barrick Mining during the second quarter valued at $25,000. Crowley Wealth Management Inc. purchased a new position in Barrick Mining in the 2nd quarter worth about $26,000. Concord Wealth Partners bought a new stake in Barrick Mining during the 2nd quarter valued at about $26,000. Ameriflex Group Inc. purchased a new stake in Barrick Mining in the 2nd quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in Barrick Mining in the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on B. National Bank Financial raised shares of Barrick Mining from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 22nd. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Sanford C. Bernstein restated an “outperform” rating on shares of Barrick Mining in a report on Wednesday, September 24th. Citigroup lifted their target price on Barrick Mining from $21.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Finally, Bank of America increased their price target on Barrick Mining from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.90.

Barrick Mining Stock Performance

Shares of B stock opened at $37.78 on Wednesday. The firm has a market cap of $63.75 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 0.40 and a beta of 0.28. Barrick Mining Corporation has a 52-week low of $15.11 and a 52-week high of $38.32. The company has a quick ratio of 2.53, a current ratio of 3.21 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $33.17 and its 200 day moving average is $25.78.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. Barrick Mining’s revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. Barrick Mining’s dividend payout ratio is 33.82%.

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.