Barrick Mining (NYSE:B) Stock Rating Upgraded by Atb Cormark Cm

Barrick Mining (NYSE:B) (TSE:ABX) was upgraded by Atb Cormark Cm to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

B has been the topic of several other reports. Citigroup boosted their target price on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $71.00 target price on shares of Barrick Mining in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Barrick Mining has a consensus rating of “Moderate Buy” and an average target price of $53.58.

Barrick Mining Stock Up 0.7%

B opened at $46.97 on Monday. Barrick Mining has a twelve month low of $17.00 and a twelve month high of $54.69. The company’s 50-day moving average price is $46.12 and its two-hundred day moving average price is $36.28. The stock has a market cap of $78.69 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.39 and a beta of 0.40. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. As a group, equities analysts expect that Barrick Mining will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Barrick Mining

Several large investors have recently bought and sold shares of the business. Truist Financial Corp purchased a new stake in shares of Barrick Mining during the 2nd quarter valued at about $926,000. US Bancorp DE bought a new position in Barrick Mining during the second quarter valued at approximately $620,000. Blair William & Co. IL purchased a new stake in Barrick Mining in the second quarter worth approximately $2,265,000. IFP Advisors Inc purchased a new stake in Barrick Mining in the second quarter worth approximately $144,000. Finally, Apollon Wealth Management LLC bought a new stake in Barrick Mining in the 2nd quarter worth approximately $561,000. 90.82% of the stock is currently owned by institutional investors.

Key Stories Impacting Barrick Mining

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

• Positive Sentiment: ATB Cormark upgraded Barrick to a “moderate buy,” giving the stock near-term support from a broker-level sentiment shift. ATB Cormark upgrade (Zacks)
• Positive Sentiment: Plans to IPO/top-shelf North American gold assets are being presented as a value-unlocking move that recasts Barrick’s risk profile and could boost NAV-based valuation if executed cleanly. Barrick Mining IPO Of Top Gold Assets Reshapes Risk And Valuation
• Positive Sentiment: Zacks highlighted Barrick as a top long-term value stock, reinforcing the narrative that the company’s fundamentals, dividend profile and commodity exposure make it attractive to value investors. Why Barrick Mining (B) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Barrick named new board members, a governance change that may matter over the medium term for oversight and IPO execution but is not an immediate earnings driver. Barrick Mining names new Board members
• Neutral Sentiment: Analyst coverage is mixed — UBS trimmed its target while other banks (e.g., CIBC) turned more bullish — creating short-term price volatility as the market digests divergent forecasts. Barrick Mining Corporation (B) Draws Mixed Views as UBS Cuts Target and CIBC Turns More Bullish
• Negative Sentiment: Newmont has publicly pressed Barrick to fix performance at Nevada operations ahead of the planned IPO, highlighting operational risks that could delay or reduce the IPO’s upside if not resolved. Newmont presses Barrick on Nevada performance ahead of IPO
• Negative Sentiment: Macro/sector commentary warns gold miners could be due for a pullback, which creates downside risk independent of company-specific catalysts. 3 Contrarian “Buy the Dip” Picks—and One Area to Avoid (B)

Barrick Mining Company Profile

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.