Rothschild Investment LLC Makes New Investment in Barrick Mining Corporation $B

Rothschild Investment LLC bought a new stake in shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,550 shares of the gold and copper producer’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund lifted its holdings in Barrick Mining by 15.5% in the first quarter. New York State Common Retirement Fund now owns 194,806 shares of the gold and copper producer’s stock valued at $3,787,000 after acquiring an additional 26,170 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Barrick Mining during the 1st quarter valued at about $277,000. Kestra Private Wealth Services LLC increased its position in shares of Barrick Mining by 2.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer’s stock valued at $558,000 after purchasing an additional 710 shares during the last quarter. HighPoint Advisor Group LLC increased its position in shares of Barrick Mining by 3.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 28,744 shares of the gold and copper producer’s stock valued at $543,000 after purchasing an additional 1,081 shares during the last quarter. Finally, Financial Sense Advisors Inc. lifted its stake in shares of Barrick Mining by 21.7% in the 1st quarter. Financial Sense Advisors Inc. now owns 294,045 shares of the gold and copper producer’s stock worth $5,716,000 after purchasing an additional 52,422 shares during the period. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Trading Up 2.2%

Shares of Barrick Mining stock opened at $37.78 on Wednesday. Barrick Mining Corporation has a fifty-two week low of $15.11 and a fifty-two week high of $38.32. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. The company has a market capitalization of $63.75 billion, a P/E ratio of 23.76, a P/E/G ratio of 0.40 and a beta of 0.28. The company has a fifty day moving average of $33.17 and a 200 day moving average of $25.78.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the firm posted $0.09 EPS. The company’s revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts anticipate that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.9%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, November 28th. Barrick Mining’s dividend payout ratio (DPR) is currently 33.82%.

Analyst Upgrades and Downgrades

B has been the subject of several recent research reports. Royal Bank Of Canada boosted their target price on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Wall Street Zen cut shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. TD Securities boosted their price objective on shares of Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Canaccord Genuity Group upped their price objective on Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Cormark upgraded Barrick Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.90.

Barrick Mining Company Profile

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.