Aviso Financial Inc. Invests $2.11 Million in Barrick Mining Corporation $B

Aviso Financial Inc. acquired a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 101,569 shares of the gold and copper producer’s stock, valued at approximately $2,114,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vermillion Wealth Management Inc. acquired a new position in shares of Barrick Mining during the second quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in Barrick Mining during the 2nd quarter valued at $26,000. Crowley Wealth Management Inc. bought a new stake in Barrick Mining during the 2nd quarter valued at $26,000. Ameriflex Group Inc. acquired a new position in Barrick Mining during the second quarter worth $27,000. Finally, Trifecta Capital Advisors LLC bought a new position in shares of Barrick Mining in the second quarter valued at $27,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Stock Up 8.2%

B opened at $39.56 on Tuesday. The firm has a market capitalization of $66.75 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 0.40 and a beta of 0.28. Barrick Mining Corporation has a one year low of $15.11 and a one year high of $39.64. The company has a fifty day moving average price of $33.83 and a 200-day moving average price of $26.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53.

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

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.8%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, November 28th. Barrick Mining’s payout ratio is currently 33.82%.

Wall Street Analyst Weigh In

B has been the topic of a number of recent research reports. Raymond James Financial set a $40.00 target price on Barrick Mining and gave the company an “outperform” rating in a report on Friday, October 10th. Citigroup upgraded Barrick Mining from a “neutral” rating to a “buy” rating in a research note on Monday. Royal Bank Of Canada lifted their price objective on shares of Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. National Bank Financial upgraded shares of Barrick Mining from a “sector perform” rating to an “outperform” rating in a report on Monday, September 22nd. Finally, Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Buy” and an average price target of $43.90.

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.