Q2 EPS Estimates for Barrick Mining Cut by Stifel Canada

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Analysts at Stifel Canada cut their Q2 2025 EPS estimates for shares of Barrick Mining in a research report issued on Monday, July 21st. Stifel Canada analyst R. Profiti now forecasts that the gold and copper producer will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.50. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Mining’s FY2025 earnings at $1.98 EPS.

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

A number of other equities research analysts have also weighed in on the company. Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. UBS Group lifted their price objective on Barrick Mining from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, April 11th. Scotiabank upped their price objective on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th. Finally, CIBC boosted their price target on shares of Barrick Mining from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.41.

Barrick Mining Stock Down 0.5%

Shares of NYSE B opened at $21.63 on Wednesday. Barrick Mining has a 52-week low of $17.41 and a 52-week high of $47.50. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.33 and a beta of 0.28. The stock has a 50 day moving average price of $20.38 and a 200 day moving average price of $18.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87.

Institutional Investors Weigh In On Barrick Mining

Several institutional investors have recently bought and sold shares of B. Vermillion Wealth Management Inc. acquired a new position in shares of Barrick Mining during the second quarter valued at about $25,000. Crowley Wealth Management Inc. purchased a new stake in Barrick Mining during the 2nd quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in Barrick Mining during the 2nd quarter worth approximately $27,000. Trifecta Capital Advisors LLC acquired a new position in Barrick Mining during the 2nd quarter valued at approximately $27,000. Finally, SJS Investment Consulting Inc. purchased a new position in shares of Barrick Mining in the second quarter worth $29,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. Barrick Mining’s dividend payout ratio (DPR) is presently 30.08%.

About Barrick Mining

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.