TD Asset Management Inc Grows Position in Barrick Mining Corporation $B

TD Asset Management Inc raised its holdings in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,395,667 shares of the gold and copper producer’s stock after purchasing an additional 1,086,332 shares during the quarter. TD Asset Management Inc owned approximately 1.22% of Barrick Mining worth $889,627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Intellectus Partners LLC purchased a new stake in Barrick Mining during the fourth quarter valued at about $348,000. Sivia Capital Partners LLC purchased a new stake in Barrick Mining during the fourth quarter valued at about $594,000. CIBC Asset Management Inc lifted its holdings in Barrick Mining by 8.8% during the fourth quarter. CIBC Asset Management Inc now owns 19,902,944 shares of the gold and copper producer’s stock valued at $869,964,000 after purchasing an additional 1,615,386 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Barrick Mining by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,908,023 shares of the gold and copper producer’s stock worth $83,094,000 after buying an additional 80,084 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. lifted its holdings in shares of Barrick Mining by 206.0% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 305,959 shares of the gold and copper producer’s stock worth $13,325,000 after buying an additional 205,959 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Stock Down 3.1%

B stock opened at $41.88 on Thursday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $41.45 and its 200 day moving average is $43.77. The stock has a market cap of $70.16 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.23 and a beta of 0.44. Barrick Mining Corporation has a 1-year low of $19.57 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. Barrick Mining’s revenue for the quarter was up 66.7% on a year-over-year basis. Sell-side analysts predict that Barrick Mining Corporation will post 3.78 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio is 19.34%.

Analysts Set New Price Targets

B has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Canadian Imperial Bank of Commerce lowered their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup increased their price target on shares of Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Finally, Barclays initiated coverage on shares of Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.46.

Barrick Mining Company Profile

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.