12,000 Shares in Barrick Mining Corporation $B Purchased by Aegis Wealth Management LLC

Aegis Wealth Management LLC purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,000 shares of the gold and copper producer’s stock, valued at approximately $233,000.

Other large investors also recently bought and sold shares of the company. Penserra Capital Management LLC increased its stake in shares of Barrick Mining by 1,919.0% during the first quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer’s stock valued at $56,000 after buying an additional 2,821 shares during the period. Hedges Asset Management LLC bought a new position in Barrick Mining during the 2nd quarter worth about $1,249,000. Chemistry Wealth Management LLC purchased a new position in Barrick Mining during the 2nd quarter valued at about $246,000. First Eagle Investment Management LLC purchased a new position in Barrick Mining during the 2nd quarter valued at about $822,056,000. Finally, Sigma Planning Corp bought a new stake in shares of Barrick Mining in the 2nd quarter valued at about $1,306,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Bank of America increased their target price on shares of Barrick Mining from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Royal Bank Of Canada raised their target price on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Canaccord Genuity Group lifted their price target on shares of Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, National Bankshares raised Barrick Mining to an “outperform” rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Barrick Mining has a consensus rating of “Moderate Buy” and an average target price of $42.90.

Barrick Mining Price Performance

Shares of NYSE B opened at $33.05 on Monday. 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 market capitalization of $55.76 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 0.40 and a beta of 0.28. The firm’s 50 day simple moving average is $31.94 and its 200-day simple moving average is $24.91. Barrick Mining Corporation has a 12 month low of $15.11 and a 12 month high of $36.40.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, August 11th. The gold and copper producer reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. Analysts expect that Barrick Mining Corporation will post 1.47 EPS for the current year.

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.