FY2025 EPS Estimates for Barrick Mining Lifted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – National Bank Financial increased their FY2025 EPS estimates for shares of Barrick Mining in a note issued to investors on Tuesday, July 15th. National Bank Financial analyst S. Nagle now expects that the gold and copper producer will earn $1.95 per share for the year, up from their prior estimate of $1.74. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. National Bank Financial also issued estimates for Barrick Mining’s FY2026 earnings at $2.45 EPS.

A number of other research analysts have also commented on B. Wall Street Zen upgraded shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 5th. Scotiabank increased their target price on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Citigroup decreased their target price on shares of Barrick Mining from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. UBS Group increased their target price on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Finally, Raymond James Financial increased their target price on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an “outperform” rating in a research report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.41.

Barrick Mining Stock Down 0.4%

Shares of B opened at $20.72 on Friday. Barrick Mining has a 52 week low of $17.41 and a 52 week high of $47.50. The firm has a market cap of $35.35 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 0.33 and a beta of 0.28. The firm’s 50-day simple moving average is $20.17 and its 200 day simple moving average is $18.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business earned $0.19 EPS. Barrick Mining’s quarterly revenue was up 13.9% on a year-over-year basis.

Barrick Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining’s payout ratio is 30.08%.

Hedge Funds Weigh In On Barrick Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. bought a new position in Barrick Mining in the 2nd quarter valued at approximately $25,000. Crowley Wealth Management Inc. bought a new position in shares of Barrick Mining during the second quarter valued at $26,000. SJS Investment Consulting Inc. bought a new position in shares of Barrick Mining during the second quarter valued at $29,000. Nexus Investment Management ULC bought a new position in shares of Barrick Mining during the first quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Barrick Mining during the first quarter valued at $32,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Company Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.