313,297 Barrick Mining Corporation $B Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,400,867 shares of the gold and copper producer’s stock after purchasing an additional 313,297 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.45% of Barrick Mining worth $296,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in B. Ascentis Independent Advisors acquired a new stake in shares of Barrick Mining during the first quarter worth $28,000. Key Financial Inc grew its holdings in shares of Barrick Mining by 137.5% during the first quarter. Key Financial Inc now owns 753 shares of the gold and copper producer’s stock valued at $31,000 after buying an additional 436 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $32,000. Allied Private Wealth LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $35,000. Finally, Main Street Group LTD acquired a new position in shares of Barrick Mining in the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on B. Citigroup raised their target price on Barrick Mining from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. boosted their price target on Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Royal Bank Of Canada increased their price objective on Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Bank of America reduced their price objective 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. Finally, Canadian Imperial Bank of Commerce cut Barrick Mining from a “sector outperform” rating to a “neutral” rating and reduced their price objective for the stock from $57.00 to $49.00 in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.82.

Barrick Mining Stock Performance

Shares of B stock traded up $0.24 during trading hours on Friday, hitting $40.79. The company’s stock had a trading volume of 7,126,051 shares, compared to its average volume of 7,814,264. The company has a 50 day moving average of $42.87 and a 200 day moving average of $40.94. The stock has a market cap of $66.69 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.25 and a beta of 0.48. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 12-month low of $30.35 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The firm’s revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. On average, sell-side analysts forecast that Barrick Mining Corporation will post 3.52 EPS for the current fiscal year.

Barrick Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.1750 dividend. This represents a $0.70 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 31st. Barrick Mining’s dividend payout ratio is presently 18.04%.

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.