33,434 Shares in Barrick Mining Corporation $B Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC bought a new stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,434 shares of the gold and copper producer’s stock, valued at approximately $696,000.

Several other institutional investors have also recently bought and sold shares of B. Nicholas Hoffman & Company LLC. raised its position in shares of Barrick Mining by 1.5% during the first quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer’s stock worth $924,000 after acquiring an additional 716 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in Barrick Mining during the 2nd quarter worth approximately $25,000. Concord Wealth Partners acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $26,000. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining during the second quarter worth $26,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Barrick Mining during the second quarter worth about $27,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $38.00 to $48.00 in a report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research note on Monday. CIBC upped their price target on shares of Barrick Mining from $38.00 to $50.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Finally, Canaccord Genuity Group lifted their price target on shares of Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of “Buy” and a consensus target price of $44.78.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $40.97 on Friday. The stock has a market cap of $69.14 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 0.40 and a beta of 0.28. The company’s fifty day moving average is $34.48 and its 200 day moving average is $26.64. The company has a quick ratio of 2.53, a current ratio of 3.21 and a debt-to-equity ratio of 0.14. Barrick Mining Corporation has a twelve month low of $15.11 and a twelve month high of $41.08.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company earned $0.09 earnings per share. The firm’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 EPS for the current year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $0.175 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is 33.82%.

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.