Analysts Set Barrick Mining Corporation (NYSE:B) PT at $55.25

Barrick Mining Corporation (NYSE:B) (TSE:ABX) has been given a consensus rating of “Moderate Buy” by the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $55.25.

Several equities analysts have recently issued reports on B shares. Citigroup upped their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, February 9th. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. UBS Group set a $55.00 price target on shares of Barrick Mining in a research note on Friday, February 6th. Finally, Canaccord Genuity Group decreased their price target on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a report on Wednesday, February 18th.

Institutional Trading of Barrick Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in B. Financial Consulate Inc. increased its holdings in shares of Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after purchasing an additional 521 shares during the period. Westside Investment Management Inc. acquired a new stake in shares of Barrick Mining during the fourth quarter worth about $25,000. Arlington Trust Co LLC purchased a new stake in Barrick Mining in the third quarter valued at approximately $26,000. Intesa Sanpaolo Wealth Management purchased a new stake in Barrick Mining in the fourth quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC acquired a new position in Barrick Mining in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Stock Up 0.8%

Barrick Mining stock opened at $37.98 on Friday. Barrick Mining has a 1-year low of $17.00 and a 1-year high of $54.69. The business has a fifty day moving average price of $46.81 and a 200-day moving average price of $40.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.25 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The company had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. Equities research analysts forecast that Barrick Mining will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s payout ratio is currently 57.34%.

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.