Henry James International Management Inc. Takes Position in Barrick Mining Corporation $B

Henry James International Management Inc. purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,917 shares of the gold and copper producer’s stock, valued at approximately $311,000.

Other institutional investors have also recently bought and sold shares of the company. Fiduciary Financial Group LLC purchased a new position in shares of Barrick Mining in the 2nd quarter worth about $352,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Barrick Mining in the second quarter valued at about $464,000. Fractal Investments LLC bought a new position in shares of Barrick Mining during the 2nd quarter valued at approximately $341,000. Hedges Asset Management LLC purchased a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $1,249,000. Finally, Parallel Advisors LLC purchased a new position in Barrick Mining in the second quarter valued at approximately $76,000. Institutional investors own 90.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on B. Scotiabank raised Barrick Mining from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $27.50 to $43.00 in a research report on Thursday, October 23rd. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $48.00 in a report on Monday, November 24th. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Cowen reiterated a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Mining presently has a consensus rating of “Moderate Buy” and an average target price of $47.17.

Barrick Mining Stock Down 0.3%

B stock opened at $43.02 on Friday. The stock has a 50-day simple moving average of $36.16 and a two-hundred day simple moving average of $28.41. Barrick Mining Corporation has a twelve month low of $15.11 and a twelve month high of $44.07. The firm has a market capitalization of $72.44 billion, a PE ratio of 20.78, a PEG ratio of 0.44 and a beta of 0.40. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. Barrick Mining’s revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. On average, equities analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 1.6%. Barrick Mining’s payout ratio is currently 33.82%.

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.