Realta Investment Advisors Takes Position in Barrick Mining Corporation $B

Realta Investment Advisors bought a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,350 shares of the gold and copper producer’s stock, valued at approximately $715,000.

A number of other institutional investors also recently modified their holdings of B. Vermillion Wealth Management Inc. bought a new stake in shares of Barrick Mining in the second quarter valued at about $25,000. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining in the second quarter valued at about $26,000. Ameriflex Group Inc. acquired a new position in Barrick Mining in the second quarter valued at about $27,000. SJS Investment Consulting Inc. acquired a new position in Barrick Mining in the second quarter valued at about $29,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Barrick Mining in the first quarter valued at about $32,000. Institutional investors own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on B. Royal Bank Of Canada boosted their price target on Barrick Mining from $34.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. National Bank Financial raised Barrick Mining from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 22nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research note on Monday, September 22nd. National Bankshares raised Barrick Mining to an “outperform” rating in a research note on Monday, September 22nd. Finally, TD Securities boosted their price target on Barrick Mining from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

Barrick Mining Stock Up 0.0%

Shares of NYSE B opened at $33.94 on Friday. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. The company has a market cap of $57.78 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 0.56 and a beta of 0.30. Barrick Mining Corporation has a 12 month low of $15.11 and a 12 month high of $36.10. The stock has a 50-day moving average price of $27.37 and a two-hundred day moving average price of $22.46.

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

Barrick Mining Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 29th. Barrick Mining’s payout ratio is 37.74%.

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.