Integrated Wealth Concepts LLC Has $5.40 Million Stock Position in Barrick Mining Corporation $B

Integrated Wealth Concepts LLC boosted its stake in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 9.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 147,024 shares of the gold and copper producer’s stock after acquiring an additional 12,902 shares during the period. Integrated Wealth Concepts LLC’s holdings in Barrick Mining were worth $5,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in B. CW Advisors LLC bought a new stake in shares of Barrick Mining in the 2nd quarter valued at $283,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Barrick Mining during the second quarter worth $53,000. First Trust Advisors LP bought a new position in Barrick Mining during the second quarter worth $857,000. Baird Financial Group Inc. bought a new position in Barrick Mining during the second quarter worth $2,569,000. Finally, Cresset Asset Management LLC acquired a new position in Barrick Mining in the second quarter valued at $543,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Price Performance

B stock opened at $43.62 on Friday. The stock has a market capitalization of $71.80 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company’s 50-day moving average is $40.81 and its 200-day moving average is $41.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. Barrick Mining Corporation has a 1 year low of $28.38 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%.The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the previous year, the company posted $0.47 EPS. The firm’s revenue was up 43.8% compared to the same quarter last year. Equities research analysts expect that Barrick Mining Corporation will post 3.48 EPS for the current fiscal year.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. Barrick Mining’s dividend payout ratio (DPR) is 18.04%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank cut their price target on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. Sanford C. Bernstein lowered their price objective on Barrick Mining from $61.00 to $56.50 and set an “outperform” rating for the company in a research report on Wednesday. Royal Bank Of Canada dropped their price objective on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Wall Street Zen lowered Barrick Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Bank of America decreased their target price on Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.63.

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the production of gold and copper. Its activities include the exploration, development, construction and operation of mines, as well as processing ore into refined metal products.

The company operates and holds interests in mining assets across several regions, including North America, South America, Africa, the Middle East and Papua New Guinea. Its portfolio includes gold operations such as Nevada Gold Mines in the United States, Pueblo Viejo in the Dominican Republic, Veladero in Argentina, Kibali in the Democratic Republic of the Congo, and North Mara and Bulyanhulu in Tanzania.