Whitener Capital Management Inc. Has $1.39 Million Holdings in Barrick Mining Corporation (NYSE:B)

Whitener Capital Management Inc. lessened its holdings in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,639 shares of the gold and copper producer’s stock after selling 1,689 shares during the period. Whitener Capital Management Inc.’s holdings in Barrick Mining were worth $1,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of B. Crowley Wealth Management Inc. acquired a new stake in shares of Barrick Mining in the 4th quarter valued at $26,000. Vega Investment Solutions acquired a new position in Barrick Mining during the 4th quarter worth $31,000. Nexus Investment Management ULC acquired a new position in Barrick Mining during the 1st quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new position in Barrick Mining during the 4th quarter worth $37,000. Finally, Ameriflex Group Inc. acquired a new position in Barrick Mining during the 4th quarter worth $39,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. UBS Group boosted their target price on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Royal Bank Of Canada set a $26.00 target price on shares of Barrick Mining and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. CIBC boosted their target price on shares of Barrick Mining from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 11th. Finally, National Bankshares reissued an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.05.

Barrick Mining Price Performance

B opened at $21.22 on Friday. Barrick Mining Corporation has a one year low of $17.41 and a one year high of $47.50. The stock has a market capitalization of $36.38 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 0.34 and a beta of 0.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. The company’s 50 day simple moving average is $19.97 and its 200-day simple moving average is $18.59.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%. Barrick Mining’s payout ratio is presently 30.08%.

Barrick Mining Company 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.