FY2025 EPS Estimates for Barrick Mining Boosted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Stock analysts at Cormark upped their FY2025 earnings per share estimates for Barrick Mining in a research note issued to investors on Tuesday, November 25th. Cormark analyst R. Gray now forecasts that the gold and copper producer will post earnings of $2.38 per share for the year, up from their previous forecast of $2.35. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Cormark also issued estimates for Barrick Mining’s Q4 2025 earnings at $1.00 EPS.

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

Other research analysts have also recently issued reports about the stock. Raymond James Financial lifted their target price on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday. CIBC boosted their price objective on shares of Barrick Mining from $38.00 to $50.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Wall Street Zen downgraded Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Finally, TD Securities increased their price objective on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $44.78.

Barrick Mining Price Performance

Shares of NYSE:B opened at $40.97 on Wednesday. The business has a fifty day moving average price of $34.48 and a 200-day moving average price of $26.64. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. The company has a market capitalization of $69.14 billion, a PE ratio of 25.77, a PEG ratio of 0.40 and a beta of 0.28. Barrick Mining has a 1-year low of $15.11 and a 1-year high of $41.08.

Hedge Funds Weigh In On Barrick Mining

Institutional investors have recently made changes to their positions in the business. Vermillion Wealth Management Inc. purchased a new stake in Barrick Mining during the second quarter valued at approximately $25,000. Crowley Wealth Management Inc. purchased a new stake in shares of Barrick Mining in the 2nd quarter worth $26,000. Concord Wealth Partners bought a new position in Barrick Mining in the 2nd quarter worth $26,000. Arlington Trust Co LLC purchased a new position in Barrick Mining during the third quarter valued at $26,000. Finally, Ameriflex Group Inc. bought a new stake in Barrick Mining during the second quarter valued at about $27,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.175 per share. The ex-dividend date is Friday, November 28th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio is presently 33.82%.

About Barrick Mining

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.