FY2025 EPS Estimates for Barrick Mining Lifted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Analysts at Stifel Canada upped their FY2025 EPS estimates for shares of Barrick Mining in a research note issued to investors on Monday, June 16th. Stifel Canada analyst R. Profiti now anticipates that the gold and copper producer will post earnings per share of $1.90 for the year, up from their prior forecast of $1.55. Stifel Canada has a “Strong-Buy” rating on the stock. 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 Q4 2026 earnings at $0.54 EPS, FY2026 earnings at $2.15 EPS, FY2027 earnings at $2.29 EPS and FY2028 earnings at $2.63 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 for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. Barrick Mining’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS.

A number of other analysts have also weighed in on B. Scotiabank raised their price objective on shares of Barrick Mining from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. National Bank Financial upgraded shares of Barrick Mining to a “hold” rating in a research note on Friday, March 21st. BMO Capital Markets started coverage on shares of Barrick Mining in a research note on Wednesday, April 16th. They issued a “market perform” rating for the company. CIBC boosted their target price on shares of Barrick Mining from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, June 11th. Finally, UBS Group boosted their target price on shares of Barrick Mining from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.05.

Barrick Mining Stock Down 1.1%

NYSE:B opened at $21.11 on Thursday. The firm has a market cap of $36.18 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.35 and a beta of 0.27. 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 has a fifty-two week low of $17.41 and a fifty-two week high of $47.50. The firm has a 50-day simple moving average of $19.52 and a two-hundred day simple moving average of $18.07.

Barrick Mining Announces Dividend

The firm also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining’s payout ratio is 30.08%.

Institutional Investors Weigh In On Barrick Mining

Hedge funds have recently bought and sold shares of the business. Crowley Wealth Management Inc. bought a new position in Barrick Mining during the fourth quarter valued at $26,000. Vega Investment Solutions bought a new position in Barrick Mining during the fourth quarter valued at $31,000. Nexus Investment Management ULC bought a new position in Barrick Mining during the first quarter valued at $32,000. Cary Street Partners Investment Advisory LLC bought a new position in Barrick Mining during the first quarter valued at $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Barrick Mining during the fourth quarter valued at $37,000. Hedge funds and other 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.