FY2027 EPS Estimates for Barrick Mining Lifted by Scotiabank

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities researchers at Scotiabank lifted their FY2027 earnings per share estimates for shares of Barrick Mining in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the gold and copper producer will earn $3.73 per share for the year, up from their prior estimate of $3.65. Scotiabank has a “Sector Outperform” rating and a $57.00 price target on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $3.63 per share.

Several other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. UBS Group lowered their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Bank of America cut their price target on shares of Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Barclays reduced their price target on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada decreased their price target on shares of Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Barrick Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.85.

Barrick Mining Trading Up 0.2%

Shares of Barrick Mining stock opened at $34.93 on Friday. Barrick Mining has a 12-month low of $20.68 and a 12-month high of $54.69. The company has a market cap of $58.10 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.75 and a beta of 0.48. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $39.63 and its 200-day moving average price is $43.01.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.75 billion. The company’s revenue was up 66.7% compared to the same quarter last year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, May 29th. Barrick Mining’s dividend payout ratio is 19.34%.

Institutional Investors Weigh In On Barrick Mining

A number of institutional investors and hedge funds have recently bought and sold shares of B. Financial Consulate Inc. increased its holdings in shares of Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after buying an additional 521 shares during the last quarter. Westside Investment Management Inc. bought a new stake in shares of Barrick Mining during the 4th quarter worth $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Barrick Mining during the 4th quarter worth $26,000. Ascentis Independent Advisors purchased a new position in Barrick Mining in the first quarter worth $28,000. Finally, JPL Wealth Management LLC purchased a new position in Barrick Mining in the third quarter worth $28,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

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.