FY2025 EPS Estimates for Barrick Mining Lifted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Analysts at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for 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 forecast of $1.74. National Bank Financial 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.

Other equities analysts also recently issued reports about the stock. National Bankshares reaffirmed an “outperform” rating on shares of Barrick Mining in a research note on Wednesday, April 2nd. Wall Street Zen raised shares of Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 5th. Citigroup dropped their price target on shares of Barrick Mining from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Scotiabank upped their price target 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. Finally, 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. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining currently has an average rating of “Moderate Buy” and a consensus target price of $24.41.

Barrick Mining Price Performance

B opened at $20.72 on Friday. The stock has a fifty day moving average of $20.17 and a 200-day moving average of $18.76. The firm has a market capitalization of $35.35 billion, a P/E ratio of 15.58, a PEG ratio of 0.33 and a beta of 0.28. Barrick Mining has a 12-month low of $17.41 and a 12-month high of $47.50. The company has a quick ratio of 2.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data 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. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a return on equity of 7.51% and a net margin of 17.46%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of B. Farther Finance Advisors LLC raised its position in Barrick Mining by 21.8% in the 1st quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer’s stock worth $62,000 after purchasing an additional 563 shares during the last quarter. Sapient Capital LLC raised its position in Barrick Mining by 0.5% in the 1st quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer’s stock worth $2,227,000 after purchasing an additional 624 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in Barrick Mining by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer’s stock worth $558,000 after purchasing an additional 710 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in Barrick Mining by 1.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer’s stock worth $924,000 after purchasing an additional 716 shares during the last quarter. Finally, Keystone Financial Group raised its position in Barrick Mining by 1.4% in the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer’s stock worth $874,000 after purchasing an additional 753 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, May 30th. Barrick Mining’s dividend payout ratio (DPR) is currently 30.08%.

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.