Barrick Mining (NYSE:B) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Barrick Mining (NYSE:B) (TSE:ABX) in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $68.00 price objective on the gold and copper producer’s stock.

B has been the subject of several other reports. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. CIBC increased their price target on shares of Barrick Mining from $38.00 to $50.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Jefferies Financial Group reissued a “buy” rating and set a $55.00 price objective on shares of Barrick Mining in a research note on Sunday, December 7th. Wall Street Zen downgraded Barrick Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Raymond James Financial upped their target price on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $50.33.

Barrick Mining Stock Performance

NYSE B opened at $52.06 on Thursday. The business has a 50 day moving average price of $45.18 and a 200 day moving average price of $34.69. The company has a market capitalization of $87.23 billion, a P/E ratio of 25.15, a PEG ratio of 0.47 and a beta of 0.41. Barrick Mining has a 1-year low of $16.20 and a 1-year high of $54.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.Barrick Mining’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Sell-side analysts expect that Barrick Mining will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.3%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 28th. Barrick Mining’s dividend payout ratio (DPR) is 33.82%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in B. Vanguard Group Inc. acquired a new position in Barrick Mining in the second quarter valued at $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new stake in Barrick Mining in the 2nd quarter worth about $1,091,122,000. First Eagle Investment Management LLC purchased a new stake in Barrick Mining in the 2nd quarter valued at about $822,056,000. Capital International Investors increased its stake in shares of Barrick Mining by 35.9% during the 3rd quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer’s stock valued at $3,340,709,000 after acquiring an additional 26,921,219 shares during the last quarter. Finally, TD Asset Management Inc acquired a new position in shares of Barrick Mining during the 2nd quarter valued at about $386,328,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

More Barrick Mining News

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and a $68 price target (about ~30% upside from current levels), citing a valuation gap versus Agnico Eagle that favors Barrick — this is a major institutional endorsement that likely supported higher bids earlier in the session. JPM starts Barrick Mining at Overweight, flags valuation gap versus Agnico Eagle
• Positive Sentiment: Multiple analysts raised price targets and the consensus brokerage view is bullish — recent coverage shifts and upgrades increase the odds of upward revisions to estimates and attract buy-side interest. Analysts Raise Barrick Mining (B) Price Targets
• Positive Sentiment: Macro/commodity support: coverage noting record metal prices and strategic moves at Barrick underpin the company’s cash flow profile and justify premium multiples versus peers, providing fundamental support beyond short-term trading noise. Barrick Gold Shares Surge Amid Record Metal Prices and Strategic Shifts
• Neutral Sentiment: Brokerage consensus remains constructive — Barrick has an average rating of “Buy” from covering firms, which supports medium-term demand but may already be priced in. Barrick Mining Corporation (NYSE:B) Receives Average Rating of “Buy” from Brokerages
• Neutral Sentiment: Upcoming results: Barrick is scheduled to report quarterly earnings next week — that timing is concentrating trading and volatility as investors position around guidance and metal-price sensitivity. Barrick Mining (B) Expected to Announce Quarterly Earnings on Thursday
• Negative Sentiment: Near-term beat odds limited: Zacks notes Barrick lacks the “right combination” of drivers to deliver a likely earnings beat next quarter, which can weaken short-term investor enthusiasm and invite selling into the print. Barrick Mining (B) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Negative Sentiment: Profit‑taking and short‑term selling pressures have pushed the stock down today on heavier-than-average volume; with shares near recent multi‑year highs, some traders are locking gains ahead of the earnings release.

About Barrick Mining

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.