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

Shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) have earned an average rating of “Moderate Buy” from the twenty-two brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $53.4615.

B has been the subject of several research analyst reports. Barclays initiated coverage on Barrick Mining in a research note on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price for the company. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings downgraded Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. UBS Group upped their price objective on Barrick Mining from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce lowered their price objective on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth High Governance Capital Ltda increased its stake in shares of Barrick Mining by 80.0% in the first quarter. Wealth High Governance Capital Ltda now owns 140,461 shares of the gold and copper producer’s stock valued at $5,729,000 after buying an additional 62,429 shares during the period. Wealth High Governance Asset Management Ltda. increased its stake in shares of Barrick Mining by 171.0% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 119,078 shares of the gold and copper producer’s stock valued at $4,857,000 after buying an additional 75,142 shares during the period. Empowered Funds LLC increased its stake in shares of Barrick Mining by 5.6% in the first quarter. Empowered Funds LLC now owns 216,400 shares of the gold and copper producer’s stock valued at $8,827,000 after buying an additional 11,517 shares during the period. S&A Financial Services Inc. acquired a new position in shares of Barrick Mining in the first quarter valued at approximately $332,000. Finally, DV Trading LLC increased its stake in shares of Barrick Mining by 28.1% in the first quarter. DV Trading LLC now owns 6,330 shares of the gold and copper producer’s stock valued at $258,000 after buying an additional 1,388 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Stock Up 1.5%

Shares of NYSE B opened at $37.31 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company has a market cap of $62.06 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.06 and a beta of 0.44. Barrick Mining has a 12 month low of $20.35 and a 12 month high of $54.69. The stock has a 50-day moving average price of $40.93 and a two-hundred day moving average price of $43.76.

Barrick Mining (NYSE:B) (TSE:ABX) last issued 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. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business’s revenue was up 66.7% on a year-over-year basis. As a group, analysts forecast that Barrick Mining will post 3.78 earnings per share for the current fiscal year.

Barrick Mining Cuts Dividend

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

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.