149,659 Shares in Barrick Mining Corporation $B Acquired by Creative Planning

Creative Planning purchased a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 149,659 shares of the gold and copper producer’s stock, valued at approximately $3,116,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC bought a new position in shares of Barrick Mining in the second quarter valued at about $822,056,000. TD Asset Management Inc acquired a new position in Barrick Mining in the 2nd quarter valued at about $386,328,000. Ninety One UK Ltd bought a new position in Barrick Mining in the 2nd quarter valued at about $326,862,000. Geode Capital Management LLC acquired a new stake in Barrick Mining during the second quarter worth approximately $307,855,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Barrick Mining during the second quarter worth approximately $169,302,000. 90.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

B has been the topic of a number of recent research reports. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. BMO Capital Markets reissued a “market perform” rating on shares of Barrick Mining in a report on Monday, September 22nd. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, November 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.90.

Barrick Mining Stock Up 1.6%

Shares of NYSE B opened at $36.56 on Monday. The stock has a market capitalization of $61.69 billion, a P/E ratio of 22.99, a PEG ratio of 0.40 and a beta of 0.28. The stock’s fifty day moving average is $33.62 and its 200 day moving average is $26.15. Barrick Mining Corporation has a 52 week low of $15.11 and a 52 week high of $38.78. 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 posted its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the business posted $0.09 earnings per share. Barrick Mining’s revenue was up 23.2% compared to the same quarter last year. Sell-side analysts forecast that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared 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 is Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio (DPR) is 33.82%.

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.