Barrick Mining Corporation (NYSE:B – Free Report) (TSE:ABX) – Analysts at Stifel Canada increased their FY2025 EPS estimates for Barrick Mining in a research report issued to clients and investors on Monday, June 16th. Stifel Canada analyst R. Profiti now forecasts that the gold and copper producer will post earnings per share of $1.90 for the year, up from their prior estimate of $1.55. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Mining’s Q4 2026 earnings at $0.54 EPS, FY2026 earnings at $2.15 EPS, FY2027 earnings at $2.29 EPS and FY2028 earnings at $2.63 EPS.
Several other brokerages also recently commented on B. National Bank Financial raised Barrick Mining to a “hold” rating in a research note on Friday, March 21st. Citigroup lowered their target price on Barrick Mining from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, March 31st. UBS Group lifted their price target on Barrick Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, April 11th. BMO Capital Markets initiated coverage on Barrick Mining in a research report on Wednesday, April 16th. They set a “market perform” rating for the company. Finally, Wall Street Zen downgraded Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 14th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.05.
Barrick Mining Stock Performance
Shares of NYSE:B opened at $20.98 on Thursday. The firm’s 50 day simple moving average is $19.53 and its 200 day simple moving average is $18.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. The company has a market capitalization of $35.97 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 0.35 and a beta of 0.27. Barrick Mining has a fifty-two week low of $17.41 and a fifty-two week high of $47.50.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last posted its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $0.19 EPS. The firm’s revenue was up 13.9% on a year-over-year basis.
Institutional Investors Weigh In On Barrick Mining
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in Barrick Mining by 21.8% during the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer’s stock worth $62,000 after buying an additional 563 shares during the last quarter. Sapient Capital LLC increased its stake in shares of Barrick Mining by 0.5% during the 1st quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer’s stock worth $2,227,000 after purchasing an additional 624 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake 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 worth $558,000 after purchasing an additional 710 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of Barrick Mining by 1.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer’s stock valued at $924,000 after purchasing an additional 716 shares during the period. Finally, Keystone Financial Group lifted its stake in Barrick Mining by 1.4% in the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer’s stock valued at $874,000 after purchasing an additional 753 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.
Barrick Mining Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.91%. Barrick Mining’s payout ratio is presently 30.08%.
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.
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