Barrick Mining FY2027 EPS Estimate Increased by Scotiabank

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities researchers at Scotiabank boosted their FY2027 earnings per share estimates for Barrick Mining in a research note issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the gold and copper producer will post earnings of $3.73 per share for the year, up from their prior forecast of $3.65. Scotiabank currently has a “Sector Outperform” rating and a $57.00 target price on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $3.61 per share.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. The business’s quarterly revenue was up 66.7% compared to the same quarter last year.

Several other research analysts have also commented on B. UBS Group dropped their price target on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada reduced their price objective on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. ATB Cormark Capital Markets downgraded shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Canadian Imperial Bank of Commerce cut their target price on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.85.

Barrick Mining Stock Performance

Shares of NYSE B opened at $34.93 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. Barrick Mining has a one year low of $20.68 and a one year high of $54.69. The business’s 50-day moving average price is $39.63 and its two-hundred day moving average price is $43.01. The company has a market capitalization of $58.10 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 0.75 and a beta of 0.48.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.0%. Barrick Mining’s dividend payout ratio is currently 19.34%.

Hedge Funds Weigh In On Barrick Mining

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Barrick Mining by 22.8% during the 4th quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer’s stock valued at $2,413,699,000 after purchasing an additional 10,287,544 shares during the last quarter. Royal Bank of Canada boosted its position in Barrick Mining by 10.9% in the first quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock valued at $1,615,225,000 after buying an additional 3,881,841 shares in the last quarter. FIL Ltd grew its stake in Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer’s stock worth $1,311,169,000 after buying an additional 13,853,587 shares during the last quarter. Mackenzie Financial Corp grew its stake in Barrick Mining by 61.9% during the fourth quarter. Mackenzie Financial Corp now owns 20,591,745 shares of the gold and copper producer’s stock worth $909,104,000 after buying an additional 7,870,411 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Barrick Mining by 5.6% during the fourth quarter. TD Asset Management Inc now owns 20,395,667 shares of the gold and copper producer’s stock worth $889,627,000 after buying an additional 1,086,332 shares in 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.