FY2026 EPS Estimate for Barrick Mining Reduced by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Stock analysts at Raymond James Financial reduced their FY2026 earnings estimates for Barrick Mining in a research note issued to investors on Monday, September 22nd. Raymond James Financial analyst B. Macarthur now expects that the gold and copper producer will earn $2.18 per share for the year, down from their prior estimate of $2.61. Raymond James Financial currently has a “Outperform” rating and a $36.00 target price on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share.

B has been the subject of several other research reports. Bank of America lifted their price objective on Barrick Mining from $29.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Wall Street Zen cut Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Scotiabank lifted their price target on Barrick Mining from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 13th. Sanford C. Bernstein restated an “outperform” rating on shares of Barrick Mining in a research report on Wednesday. Finally, UBS Group raised their target price on shares of Barrick Mining from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Barrick Mining Stock Down 2.7%

Shares of NYSE:B opened at $33.61 on Wednesday. The firm has a fifty day moving average price of $25.64 and a two-hundred day moving average price of $21.71. The company has a market cap of $57.23 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.61 and a beta of 0.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. Barrick Mining has a one year low of $15.11 and a one year high of $36.10.

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

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 29th. Barrick Mining’s dividend payout ratio (DPR) is currently 37.74%.

Institutional Trading of Barrick Mining

Several hedge funds and other institutional investors have recently bought and sold shares of B. Osaic Holdings Inc. purchased a new position in shares of Barrick Mining during the second quarter worth approximately $3,915,000. Orion Porfolio Solutions LLC bought a new position in shares of Barrick Mining during the 2nd quarter valued at $1,514,000. Silverlake Wealth Management LLC purchased a new position in Barrick Mining in the 2nd quarter worth $713,000. Newbridge Financial Services Group Inc. purchased a new position in Barrick Mining in the 2nd quarter worth $97,000. Finally, Marex Group plc bought a new stake in Barrick Mining in the second quarter worth $2,990,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.