Barrick Mining (NYSE:B) Price Target Raised to $45.00

Barrick Mining (NYSE:B) (TSE:ABX) had its target price lifted by Citigroup from $41.00 to $45.00 in a report released on Thursday, MarketBeat Ratings reports. They currently have a neutral rating on the gold and copper producer’s stock.

B has been the subject of a number of other research reports. Bank of America reduced their price objective on Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. TD dropped their target price on Barrick Mining from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. UBS Group cut their price target on Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Barclays lifted their price target on Barrick Mining from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Royal Bank Of Canada lowered their price target on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Barrick Mining currently has an average rating of “Moderate Buy” and a consensus price target of $52.36.

Barrick Mining Stock Down 2.2%

B stock opened at $44.75 on Thursday. Barrick Mining has a 12-month low of $27.43 and a 12-month high of $54.69. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $73.65 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.28 and a beta of 0.51. The company has a 50 day moving average of $40.13 and a two-hundred day moving average of $41.53.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results 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 net margin of 31.60% and a return on equity of 16.02%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company posted $0.47 EPS. Barrick Mining’s revenue was up 43.8% on a year-over-year basis. On average, equities analysts anticipate that Barrick Mining will post 3.56 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, August 31st. Barrick Mining’s dividend payout ratio (DPR) is 18.04%.

Institutional Trading of Barrick Mining

A number of institutional investors and hedge funds have recently made changes to their positions in B. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining during the 4th quarter valued at about $26,000. Ascentis Independent Advisors bought a new stake in Barrick Mining during the first quarter worth approximately $28,000. JPL Wealth Management LLC bought a new stake in Barrick Mining during the third quarter worth approximately $28,000. Motiv8 Investments LLC acquired a new position in Barrick Mining during the fourth quarter valued at approximately $31,000. Finally, Key Financial Inc grew its holdings in Barrick Mining by 137.5% during the first quarter. Key Financial Inc now owns 753 shares of the gold and copper producer’s stock valued at $31,000 after purchasing an additional 436 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.