Barrick Mining FY2025 EPS Forecast Boosted by Stifel Canada

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities researchers at Stifel Canada upped their FY2025 EPS estimates for Barrick Mining in a research report issued on Monday, November 10th. Stifel Canada analyst R. Profiti now anticipates that the gold and copper producer will post earnings per share of $2.19 for the year, up from their previous forecast of $2.15. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Mining’s FY2027 earnings at $3.79 EPS.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business earned $0.09 EPS. Barrick Mining’s revenue for the quarter was up 23.2% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Citigroup lifted their price objective on Barrick Mining from $21.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. UBS Group lifted their price target on Barrick Mining from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Royal Bank Of Canada increased their price objective on Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Bank of America boosted their target price on shares of Barrick Mining from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Scotiabank raised shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $27.50 to $43.00 in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.90.

Barrick Mining Stock Performance

Shares of B stock opened at $37.35 on Wednesday. The stock has a market cap of $63.03 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 0.40 and a beta of 0.28. The company has a quick ratio of 2.53, a current ratio of 3.21 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $32.49 and a 200-day simple moving average of $25.22. Barrick Mining has a 52-week low of $15.11 and a 52-week high of $37.60.

Hedge Funds Weigh In On Barrick Mining

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Barrick Mining by 19.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,260 shares of the gold and copper producer’s stock worth $74,000 after acquiring an additional 373 shares in the last quarter. Legend Financial Advisors Inc. boosted its stake in Barrick Mining by 0.9% in the third quarter. Legend Financial Advisors Inc. now owns 45,139 shares of the gold and copper producer’s stock worth $1,479,000 after purchasing an additional 399 shares in the last quarter. Ascent Group LLC boosted its stake in Barrick Mining by 2.9% in the third quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock worth $476,000 after purchasing an additional 404 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Barrick Mining by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 36,792 shares of the gold and copper producer’s stock worth $1,206,000 after purchasing an additional 410 shares during the last quarter. Finally, Prospera Financial Services Inc increased its stake in shares of Barrick Mining by 1.0% in the third quarter. Prospera Financial Services Inc now owns 67,019 shares of the gold and copper producer’s stock valued at $2,196,000 after buying an additional 643 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.70 annualized dividend and a dividend yield of 1.9%. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is presently 37.74%.

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.