17,486 Shares in Barrick Mining Corporation $B Purchased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. acquired a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,486 shares of the gold and copper producer’s stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of B. Capital International Investors increased its position in Barrick Mining by 35.9% during the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock worth $3,340,709,000 after purchasing an additional 26,921,219 shares during the last quarter. CIBC Asset Management Inc increased its position in Barrick Mining by 316.0% during the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer’s stock worth $601,115,000 after purchasing an additional 13,891,886 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Barrick Mining during the second quarter worth about $211,263,000. Canada Pension Plan Investment Board acquired a new stake in Barrick Mining during the second quarter worth about $172,230,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Barrick Mining by 664.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,013,464 shares of the gold and copper producer’s stock worth $295,977,000 after purchasing an additional 7,833,887 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Trading Down 1.4%

Shares of B stock opened at $38.79 on Friday. Barrick Mining Corporation has a fifty-two week low of $17.41 and a fifty-two week high of $54.69. The company has a 50 day moving average price of $42.85 and a 200 day moving average price of $42.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The stock has a market capitalization of $64.99 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. The business’s quarterly revenue was up 44.6% compared to the same quarter last year. Equities research analysts predict that Barrick Mining Corporation will post 3.56 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a $0.42 dividend. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, February 27th. Barrick Mining’s payout ratio is presently 57.34%.

Wall Street Analysts Forecast Growth

B has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research report on Friday, March 27th. ATB Cormark Capital Markets cut shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Finally, UBS Group dropped their price target on shares of Barrick Mining from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.17.

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto?headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large?scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.