Barrick Mining Corporation $B Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 13.2% in the 2nd quarter, Holdings Channel reports. The fund owned 7,087,570 shares of the gold and copper producer’s stock after acquiring an additional 824,520 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Barrick Mining were worth $258,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in B. CW Advisors LLC purchased a new position in shares of Barrick Mining in the 2nd quarter valued at approximately $283,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Barrick Mining during the second quarter worth $53,000. First Trust Advisors LP acquired a new stake in shares of Barrick Mining during the second quarter worth $857,000. Baird Financial Group Inc. acquired a new position in Barrick Mining in the 2nd quarter valued at $2,569,000. Finally, Cresset Asset Management LLC purchased a new position in Barrick Mining during the 2nd quarter worth $543,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group reduced their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. TD lowered their price objective on Barrick Mining from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on Barrick Mining from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Citigroup reissued a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. Finally, Canadian Imperial Bank of Commerce set a $57.00 price target on Barrick Mining in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.57.

Barrick Mining Stock Up 3.1%

Shares of NYSE B opened at $47.70 on Friday. The stock has a market capitalization of $78.51 billion, a price-to-earnings ratio of 12.29, a price-to-earnings-growth ratio of 0.92 and a beta of 0.47. Barrick Mining Corporation has a 52 week low of $25.28 and a 52 week high of $54.69. The firm has a 50-day moving average price of $38.85 and a 200 day moving average price of $41.57. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 43.8% compared to the same quarter last year. Equities research analysts anticipate that Barrick Mining Corporation will post 3.55 EPS for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 31st. Barrick Mining’s payout ratio is presently 18.04%.

Barrick Mining Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.