FY2025 EPS Estimates for Barrick Mining Lifted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities researchers at Cormark boosted their FY2025 earnings estimates for Barrick Mining in a research report issued to clients and investors on Tuesday, November 25th. Cormark analyst R. Gray now forecasts that the gold and copper producer will post earnings of $2.38 per share for the year, up from their previous estimate of $2.35. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Cormark also issued estimates for Barrick Mining’s Q4 2025 earnings at $1.00 EPS.

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

Other equities research analysts also recently issued reports about the company. BMO Capital Markets reissued a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Cowen reissued a “buy” rating on shares of Barrick Mining in a report on Wednesday. Scotiabank upgraded Barrick Mining from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $27.50 to $43.00 in a research note on Thursday, October 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, September 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Barrick Mining in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $44.78.

Barrick Mining Trading Up 4.7%

NYSE:B opened at $40.97 on Wednesday. The company has a market capitalization of $69.14 billion, a P/E ratio of 25.77, a P/E/G ratio of 0.40 and a beta of 0.28. The stock’s 50 day moving average price is $34.26 and its 200 day moving average price is $26.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. Barrick Mining has a 52 week low of $15.11 and a 52 week high of $41.08.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.175 dividend. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, November 28th. Barrick Mining’s dividend payout ratio is 33.82%.

Hedge Funds Weigh In On Barrick Mining

A number of hedge funds have recently bought and sold shares of the company. Arlington Trust Co LLC purchased a new stake in shares of Barrick Mining during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in Barrick Mining in the 3rd quarter worth about $28,000. Pin Oak Investment Advisors Inc. purchased a new position in Barrick Mining during the third quarter valued at approximately $31,000. Provenance Wealth Advisors LLC purchased a new position in shares of Barrick Mining during the 3rd quarter valued at $32,000. Finally, Investors Research Corp bought a new position in Barrick Mining in the 3rd quarter worth about $36,000. 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.