FY2025 EPS Forecast for Barrick Mining Raised by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities research analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for shares of Barrick Mining in a report released on Monday, August 11th. National Bank Financial analyst S. Nagle now expects that the gold and copper producer will post earnings of $1.99 per share for the year, up from their prior forecast of $1.95. 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 $2.47 EPS.

Several other research analysts also recently commented on the company. Cibc World Mkts upgraded Barrick Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. CIBC upgraded Barrick Mining from a “neutral” rating to an “outperformer” rating in a research report on Tuesday. Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Scotiabank boosted their target price on Barrick Mining from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.77.

Barrick Mining Stock Up 1.5%

Shares of NYSE B opened at $23.85 on Wednesday. Barrick Mining has a 52 week low of $15.11 and a 52 week high of $24.15. The business has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $19.55. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.14. The company has a market cap of $40.69 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.36 and a beta of 0.27.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same quarter last year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis.

Institutional Investors Weigh In On Barrick Mining

Institutional investors have recently modified their holdings of the stock. Vermillion Wealth Management Inc. purchased a new stake in shares of Barrick Mining during the second quarter valued at $25,000. Concord Wealth Partners purchased a new stake in shares of Barrick Mining during the second quarter valued at $26,000. Crowley Wealth Management Inc. purchased a new stake in shares of Barrick Mining during the second quarter valued at $26,000. Ameriflex Group Inc. purchased a new stake in shares of Barrick Mining during the second quarter valued at $27,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of Barrick Mining during the second quarter valued at $27,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.