Analysts Set Expectations for Barrick Mining FY2025 Earnings

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities researchers at Scotiabank lifted their FY2025 earnings estimates for Barrick Mining in a research report issued to clients and investors on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now forecasts that the gold and copper producer will earn $2.40 per share for the year, up from their previous forecast of $2.10. Scotiabank currently has a “Sector Outperform” rating and a $43.00 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 $2.91 EPS.

Barrick Mining (NYSE:B) (TSE:ABX) last released its 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 net margin of 19.99% and a return on equity of 8.19%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the previous year, the business earned $0.32 earnings per share. Barrick Mining’s revenue for the quarter was up 16.4% on a year-over-year basis.

B has been the subject of a number of other reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Barrick Mining in a report on Wednesday, September 24th. UBS Group lifted their price objective on shares of Barrick Mining from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Canaccord Genuity Group increased their target price on shares of Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. National Bank Financial raised shares of Barrick Mining from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 22nd. Finally, TD Securities increased their price objective on shares of Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.90.

Barrick Mining Stock Down 0.8%

Shares of NYSE:B opened at $32.80 on Friday. Barrick Mining has a 1 year low of $15.11 and a 1 year high of $36.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. The business’s 50-day moving average is $31.33 and its 200-day moving average is $24.41. The company has a market capitalization of $55.35 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 0.40 and a beta of 0.30.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 29th. Barrick Mining’s dividend payout ratio is 37.74%.

Hedge Funds Weigh In On Barrick Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of B. Sequoia Financial Advisors LLC increased its holdings in shares of Barrick Mining by 24.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer’s stock worth $404,000 after buying an additional 4,082 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Barrick Mining by 142.1% in the first quarter. Vontobel Holding Ltd. now owns 90,591 shares of the gold and copper producer’s stock valued at $1,759,000 after acquiring an additional 53,177 shares during the last quarter. D.A. Davidson & CO. raised its position in Barrick Mining by 72.2% during the first quarter. D.A. Davidson & CO. now owns 170,527 shares of the gold and copper producer’s stock valued at $3,315,000 after purchasing an additional 71,479 shares in the last quarter. Checchi Capital Advisers LLC bought a new stake in Barrick Mining during the first quarter worth about $199,000. Finally, Aurora Private Wealth Inc. bought a new position in shares of Barrick Mining during the 1st quarter valued at about $305,000. 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.