Brickwood Asset Management LLP Purchases 4,992 Shares of Barrick Mining Corporation (NYSE:B)

Brickwood Asset Management LLP raised its position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 0.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,759,574 shares of the gold and copper producer’s stock after acquiring an additional 4,992 shares during the quarter. Barrick Mining makes up about 26.2% of Brickwood Asset Management LLP’s holdings, making the stock its 2nd largest holding. Brickwood Asset Management LLP’s holdings in Barrick Mining were worth $34,171,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Barrick Mining by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer’s stock worth $78,637,000 after purchasing an additional 128,203 shares during the period. New York State Common Retirement Fund acquired a new position in shares of Barrick Mining during the 4th quarter worth $2,614,000. Atria Wealth Solutions Inc. grew its stake in shares of Barrick Mining by 48.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 33,366 shares of the gold and copper producer’s stock worth $517,000 after purchasing an additional 10,840 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Barrick Mining by 66.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 60,620 shares of the gold and copper producer’s stock worth $940,000 after purchasing an additional 24,176 shares during the period. Finally, RWC Asset Management LLP grew its stake in shares of Barrick Mining by 14.4% during the 4th quarter. RWC Asset Management LLP now owns 3,254,263 shares of the gold and copper producer’s stock worth $50,441,000 after purchasing an additional 409,677 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

Barrick Mining Price Performance

Barrick Mining stock opened at $20.98 on Friday. The firm has a market capitalization of $35.97 billion, a PE ratio of 15.78, a P/E/G ratio of 0.35 and a beta of 0.27. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $19.53 and its 200 day simple moving average is $18.10. Barrick Mining Corporation has a 52 week low of $17.41 and a 52 week high of $47.50.

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

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, May 30th. Barrick Mining’s payout ratio is 30.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on B shares. Royal Bank Of Canada upped their price target on shares of Barrick Mining from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 14th. National Bank Financial raised shares of Barrick Mining to a “hold” rating in a research note on Friday, March 21st. BMO Capital Markets began coverage on shares of Barrick Mining in a research report on Wednesday, April 16th. They issued a “market perform” rating on the stock. Finally, Scotiabank boosted their price objective 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. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and an average price target of $24.05.

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.