Barrick Mining (B) Expected to Announce Quarterly Earnings on Thursday

Barrick Mining (NYSE:B) (TSE:ABX) is anticipated to release its results before the market opens on Thursday, February 5th. Analysts expect Barrick Mining to post earnings of $0.89 per share and revenue of $5.1527 billion for the quarter.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, analysts expect Barrick Mining to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Mining Trading Up 1.5%

Shares of B stock opened at $52.98 on Thursday. Barrick Mining has a 1-year low of $15.70 and a 1-year high of $53.28. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14. The stock has a market cap of $88.76 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 0.47 and a beta of 0.41. The stock has a 50-day moving average of $44.86 and a 200-day moving average of $34.56.

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 given a dividend of $0.175 per share. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.3%. Barrick Mining’s payout ratio is 33.82%.

Analysts Set New Price Targets

Several analysts have recently commented on B shares. Jefferies Financial Group restated a “buy” rating and issued a $55.00 target price on shares of Barrick Mining in a research note on Sunday, December 7th. Bank of America raised Barrick Mining from a “neutral” rating to a “buy” rating and raised their price objective for the company from $38.00 to $48.00 in a research note on Monday, November 24th. Citigroup raised Barrick Mining from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Canaccord Genuity Group raised their price objective on shares of Barrick Mining from $39.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $48.73.

Institutional Trading of Barrick Mining

A number of institutional investors have recently modified their holdings of B. CIBC Private Wealth Group LLC raised its holdings in Barrick Mining by 58.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,973 shares of the gold and copper producer’s stock valued at $130,000 after acquiring an additional 1,458 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Barrick Mining in the 3rd quarter worth about $299,000. Captrust Financial Advisors grew its holdings in Barrick Mining by 12.0% during the 3rd quarter. Captrust Financial Advisors now owns 200,642 shares of the gold and copper producer’s stock valued at $6,575,000 after buying an additional 21,449 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in shares of Barrick Mining during the third quarter valued at about $240,000. Finally, Advisory Services Network LLC boosted its position in shares of Barrick Mining by 66.0% in the third quarter. Advisory Services Network LLC now owns 23,164 shares of the gold and copper producer’s stock valued at $759,000 after acquiring an additional 9,209 shares during the period. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Company 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.