Barrick Mining FY2025 EPS Estimate Increased by Scotiabank

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Research analysts at Scotiabank raised their FY2025 earnings per share (EPS) estimates for shares of Barrick Mining in a report issued on Wednesday, September 24th. Scotiabank analyst T. Jakusconek now expects that the gold and copper producer will earn $2.10 per share for the year, up from their previous forecast of $1.48. Scotiabank currently has a “Sector Perform” rating and a $26.00 target price on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Scotiabank also issued estimates for Barrick Mining’s FY2026 earnings at $2.11 EPS.

Several other brokerages also recently weighed in on B. Cibc World Mkts raised shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 12th. TD Securities upped their target price on shares of Barrick Mining from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. CIBC reiterated an “outperform” rating on shares of Barrick Mining in a research note on Monday, September 22nd. National Bankshares upgraded Barrick Mining to an “outperform” rating in a research report on Monday, September 22nd. Finally, Raymond James Financial upped their price objective on Barrick Mining from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and an average target price of $33.33.

Barrick Mining Trading Up 0.6%

Shares of NYSE:B opened at $34.47 on Monday. The stock has a 50 day moving average of $26.18 and a 200 day moving average of $21.98. The company has a market cap of $58.70 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 0.60 and a beta of 0.27. Barrick Mining has a 12-month low of $15.11 and a 12-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.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the previous year, the company posted $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 firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors 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 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio (DPR) is 37.74%.

Hedge Funds Weigh In On Barrick Mining

Several institutional investors have recently bought and sold shares of B. Vermillion Wealth Management Inc. purchased a new stake in shares of Barrick Mining during the 2nd quarter valued at about $25,000. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $26,000. Concord Wealth Partners bought a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Barrick Mining in the 2nd quarter worth approximately $27,000. Finally, Trifecta Capital Advisors LLC bought a new position in shares of Barrick Mining during the 2nd quarter valued at approximately $27,000. 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.