Vanguard Capital Wealth Advisors Buys Shares of 12,275 Barrick Mining Corporation $B

Vanguard Capital Wealth Advisors purchased a new position in Barrick Mining Corporation (NYSE:B) (TSE:ABX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,275 shares of the gold and copper producer’s stock, valued at approximately $402,000.

A number of other large investors also recently modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new stake in Barrick Mining in the 2nd quarter worth approximately $25,000. Crowley Wealth Management Inc. bought a new position in shares of Barrick Mining in the second quarter worth $26,000. Concord Wealth Partners purchased a new stake in shares of Barrick Mining in the second quarter worth $26,000. Arlington Trust Co LLC purchased a new stake in shares of Barrick Mining in the third quarter worth $26,000. Finally, Ameriflex Group Inc. bought a new stake in Barrick Mining during the second quarter valued at $27,000. 90.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America upgraded Barrick Mining from a “neutral” rating to a “buy” rating and upped their target price for the stock from $38.00 to $48.00 in a research note on Monday, November 24th. CIBC upped their price objective on shares of Barrick Mining from $38.00 to $50.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. UBS Group raised their target price on shares of Barrick Mining from $39.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, December 1st. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target for the company in a research note on Friday, December 5th. Finally, Royal Bank Of Canada increased their price target on shares of Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $46.91.

Barrick Mining Trading Up 0.3%

B stock opened at $49.24 on Friday. The company has a market capitalization of $82.49 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 0.41 and a beta of 0.41. Barrick Mining Corporation has a one year low of $15.47 and a one year high of $50.80. The company’s 50 day moving average price is $43.70 and its two-hundred day moving average price is $33.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94.

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. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, analysts predict 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 was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s payout ratio is 33.82%.

Barrick Mining Profile

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.