Barrick Mining Corporation (NYSE:B) Given Consensus Recommendation of “Moderate Buy” by Analysts

Barrick Mining Corporation (NYSE:B) (TSE:ABX) has earned a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $52.4615.

Several research analysts recently issued reports on the stock. 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. JPMorgan Chase & Co. lowered their price objective on shares of Barrick Mining from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group dropped their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Scotiabank reduced their target price on shares of Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada decreased their price target on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th.

Barrick Mining News Summary

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Barrick’s investment in Kingfisher Metals boosts its exposure to a prospective exploration asset and may support future discovery upside. Barrick Announces Investment in Kingfisher Metals
• Positive Sentiment: The company’s new stake could strengthen technical collaboration with Kingfisher and broaden Barrick’s strategic pipeline beyond existing operations. Barrick Mining to Acquire 9.9% Stake in Kingfisher Via $14.83M Deal
• Neutral Sentiment: Coverage on Barrick’s mining operations kept the company in focus, but did not include a major new operational update or financial guidance change. Barrick Mining (NYSE:B) Mining Operations Gain Market Focus
• Neutral Sentiment: JPMorgan lowered its price target to $50 from $58 while keeping an overweight rating, which may temper enthusiasm but still implies upside from current levels. Barrick price target lowered by JPMorgan Chase & Co.

Barrick Mining Trading Up 3.1%

Shares of B opened at $37.51 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. The company has a market cap of $62.40 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.76 and a beta of 0.48. The stock has a fifty day moving average price of $39.05 and a two-hundred day moving average price of $42.84. Barrick Mining has a 52-week low of $20.94 and a 52-week high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping the consensus estimate of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. The company’s revenue was up 66.7% compared to the same quarter last year. Analysts predict that Barrick Mining will post 3.61 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s payout ratio is 19.34%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in shares of Barrick Mining in the 4th quarter valued at $25,000. Financial Consulate Inc. raised its position in shares of Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after acquiring an additional 521 shares during the last quarter. Intesa Sanpaolo Wealth Management acquired a new position in shares of Barrick Mining during the fourth quarter valued at $26,000. Ascentis Independent Advisors acquired a new position in shares of Barrick Mining during the first quarter valued at $28,000. Finally, Laurel Wealth Advisors LLC bought a new position in Barrick Mining in the fourth quarter valued at about $30,000. 90.82% of the stock is currently owned by institutional investors.

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.