Barrick Mining Corporation $B Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,400,867 shares of the gold and copper producer’s stock after acquiring an additional 313,297 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Barrick Mining were worth $296,300,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new position in Barrick Mining in the first quarter valued at approximately $28,000. Key Financial Inc boosted its position in Barrick Mining by 137.5% in the 1st quarter. Key Financial Inc now owns 753 shares of the gold and copper producer’s stock worth $31,000 after purchasing an additional 436 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $32,000. Allied Private Wealth LLC acquired a new stake in shares of Barrick Mining during the 2nd quarter worth approximately $35,000. Finally, Main Street Group LTD acquired a new stake in shares of Barrick Mining during the 1st quarter worth approximately $46,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on B shares. Royal Bank Of Canada lifted their target price on shares of Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Scotiabank lowered their price target on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings raised shares of Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Bank of America dropped their price target on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target of $52.82.

Barrick Mining Price Performance

NYSE B traded up $0.24 during trading hours on Friday, reaching $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 firm has a market capitalization of $66.69 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.25 and a beta of 0.48. The company’s 50-day moving average is $42.87 and its two-hundred day moving average is $40.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. Barrick Mining Corporation has a 1-year low of $30.35 and a 1-year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The company had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company earned $0.47 earnings per share. Barrick Mining’s quarterly revenue was up 43.8% compared to the same quarter last year. On average, equities analysts predict that Barrick Mining Corporation will post 3.52 EPS for the current year.

Barrick Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a dividend 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 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.