Barrick Mining FY2026 EPS Boosted by National Bank Financial

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Investment analysts at National Bank Financial increased their FY2026 earnings per share (EPS) estimates for Barrick Mining in a research note issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now expects that the gold and copper producer will post earnings of $2.82 per share for the year, up from their previous forecast of $2.47. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Raymond James Financial lifted their target price on Barrick Mining from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. CIBC reissued an “outperform” rating on shares of Barrick Mining in a research report on Monday. BMO Capital Markets restated a “market perform” rating on shares of Barrick Mining in a research note on Monday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Barrick Mining in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Barrick Mining Stock Up 0.6%

Shares of NYSE:B opened at $34.47 on Friday. The firm has a 50 day simple moving average of $26.18 and a 200-day simple moving average of $21.93. Barrick Mining has a twelve month low of $15.11 and a twelve month high of $36.10. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $58.70 billion, a PE ratio of 21.68, a P/E/G ratio of 0.60 and a beta of 0.28.

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

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. Barrick Mining’s payout ratio is presently 37.74%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in B. Vanguard Group Inc. acquired a new position in Barrick Mining during the 2nd quarter worth approximately $1,459,633,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Barrick Mining in the second quarter valued at approximately $1,091,122,000. First Eagle Investment Management LLC purchased a new stake in shares of Barrick Mining in the second quarter valued at approximately $822,056,000. TD Asset Management Inc acquired a new position in Barrick Mining during the second quarter worth $386,328,000. Finally, Ninety One UK Ltd purchased a new position in Barrick Mining in the second quarter worth $326,862,000. 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.