Parvin Asset Management LLC Buys New Holdings in Barrick Mining Corporation $B

Parvin Asset Management LLC purchased a new position in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,525 shares of the gold and copper producer’s stock, valued at approximately $1,268,000. Barrick Mining comprises 1.0% of Parvin Asset Management LLC’s holdings, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bogart Wealth LLC raised its stake in Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after acquiring an additional 218 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of Barrick Mining by 2.9% in the first quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after purchasing an additional 246 shares during the last quarter. Mmbg Investment Advisors CO. raised its position in shares of Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after purchasing an additional 254 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Barrick Mining by 1.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after purchasing an additional 302 shares during the period. Finally, Legacy Financial Advisors Inc. lifted its stake in shares of Barrick Mining by 3.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 8,569 shares of the gold and copper producer’s stock worth $373,000 after buying an additional 319 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

B stock opened at $47.00 on Thursday. The company has a market capitalization of $77.36 billion, a P/E ratio of 12.11, a PEG ratio of 0.94 and a beta of 0.47. Barrick Mining Corporation has a 52-week low of $26.14 and a 52-week high of $54.69. The company has a fifty day moving average price of $39.21 and a 200-day moving average price of $41.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 3.01.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the business earned $0.47 EPS. The company’s revenue was up 43.8% compared to the same quarter last year. As a group, equities analysts expect that Barrick Mining Corporation will post 3.56 EPS for the current year.

Barrick Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.175 per share. The ex-dividend date is Monday, August 31st. This represents a $0.70 annualized dividend and a yield of 1.5%. Barrick Mining’s dividend payout ratio (DPR) is 18.04%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on B shares. TD decreased their price target on shares of Barrick Mining from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Royal Bank Of Canada reduced their target price on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Barclays boosted their price target on Barrick Mining from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce set a $57.00 price objective on Barrick Mining in a research report on Wednesday, August 12th. Finally, Bank of America decreased their target price on Barrick Mining from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and a consensus price target of $52.57.

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.