Vanguard Personalized Indexing Management LLC Invests $1.40 Million in Barrick Mining Corporation $B

Vanguard Personalized Indexing Management LLC bought a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 67,403 shares of the gold and copper producer’s stock, valued at approximately $1,403,000.

A number of other institutional investors and hedge funds have also bought and sold shares of B. GAMMA Investing LLC raised its position in Barrick Mining by 1,844.0% in the 1st quarter. GAMMA Investing LLC now owns 6,007 shares of the gold and copper producer’s stock valued at $117,000 after buying an additional 5,698 shares during the last quarter. Farther Finance Advisors LLC raised its position in Barrick Mining by 21.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer’s stock valued at $62,000 after buying an additional 563 shares during the last quarter. Fifth Third Bancorp raised its position in Barrick Mining by 28.9% in the 1st quarter. Fifth Third Bancorp now owns 5,644 shares of the gold and copper producer’s stock valued at $110,000 after buying an additional 1,266 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Barrick Mining by 1.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,792 shares of the gold and copper producer’s stock valued at $1,454,000 after buying an additional 1,156 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Barrick Mining by 25.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 291,281 shares of the gold and copper producer’s stock valued at $5,663,000 after buying an additional 59,906 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

B has been the subject of a number of analyst reports. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Citigroup increased their price target on Barrick Mining from $21.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday. National Bank Financial raised Barrick Mining from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 22nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Finally, Raymond James Financial set a $40.00 target price on Barrick Mining and gave the company an “outperform” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Barrick Mining Trading Down 6.3%

Shares of Barrick Mining stock opened at $33.41 on Friday. Barrick Mining Corporation has a 1 year low of $15.11 and a 1 year high of $36.40. The firm has a market cap of $56.88 billion, a PE ratio of 21.01, a P/E/G ratio of 0.58 and a beta of 0.30. The stock has a fifty day moving average price of $29.71 and a 200-day moving average price of $23.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.60 annualized dividend and a yield of 1.8%. Barrick Mining’s dividend payout ratio (DPR) is 37.74%.

About Barrick Mining

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.