Barrick Mining Corporation (NYSE:B – Get Free Report) (TSE:ABX) has received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $55.25.
Several analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their target price on shares of Barrick Mining to $77.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. ATB Cormark Capital Markets upgraded shares of Barrick Mining to a “moderate buy” rating in a research report on Monday, February 9th. Citigroup lifted their price objective on Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Finally, Wall Street Zen raised Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th.
Read Our Latest Stock Report on B
Institutional Investors Weigh In On Barrick Mining
Barrick Mining News Summary
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Fool argues Barrick may now be a bargain after the recent sell‑off, highlighting the company’s strong earnings beat and the view that the pullback could present a value entry for long‑term investors. Why Barrick Mining Stock Keeps Going Down
- Positive Sentiment: Analyst pieces comparing Barrick to Agnico Eagle note both miners are converting project activity into cash flow and returning capital to shareholders, supporting a constructive medium‑term outlook if metals remain firm. Barrick Mining vs. Agnico Eagle: Which Gold Miner Has More Glitter?
- Positive Sentiment: Some market coverage shows Barrick participating in broader metals momentum on the NYSE composite, a reminder that sector rallies can quickly lift the stock if commodity prices recover. Barrick Mining (NYSE:B) Rises As Nyse Composite Reflects Global Metals Momentum
- Neutral Sentiment: Valuation analyses note the recent price weakness makes Barrick cheaper on several metrics, but also emphasize the stock’s volatility—useful context for investors weighing entry points versus near‑term risk. Assessing Barrick Mining (TSX:ABX) Valuation After Recent Share Price Weakness
- Neutral Sentiment: Broader market headwinds—rising bond yields and inflation fears—are weighing on stocks generally, which can amplify downside in commodity‑sensitive names like Barrick. Stocks Retreat as Inflation Fears Push Bond Yields Higher
- Negative Sentiment: Mining.com reports Teck holds an undisclosed royalty on Barrick’s Fourmile project that could be worth billions and might complicate or delay Barrick’s plans for a Fourmile IPO—introducing asset‑level uncertainty and potential dilution of expected value. Teck’s undisclosed royalty worth billions on Barrick’s Fourmile could stymie IPO plans
- Negative Sentiment: Coverage indicates a lawsuit against Barrick has been allowed to proceed; combined with recent falls in gold prices, this legal risk and weaker commodity direction are immediate catalysts for selling pressure. Barrick Gold (ABX) Shares Plunge as Lawsuit Gets Green Light and Gold Tumbles
- Negative Sentiment: MarketWatch and other outlets note a slide in precious‑metal prices is dragging mining stocks lower, a direct headwind for Barrick’s near‑term revenue and sentiment. Mining Stocks Decline as Precious Metal Prices Drop
Barrick Mining Price Performance
Shares of NYSE B opened at $37.09 on Friday. The stock has a fifty day moving average price of $47.27 and a 200 day moving average price of $40.60. Barrick Mining has a 1-year low of $17.00 and a 1-year high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The company has a market cap of $62.14 billion, a PE ratio of 12.66, a P/E/G ratio of 1.23 and a beta of 0.41.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last announced its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. Barrick Mining’s quarterly revenue was up 44.6% compared to the same quarter last year. Sell-side analysts forecast that Barrick Mining will post 1.47 EPS for the current year.
Barrick Mining Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.42 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 4.5%. Barrick Mining’s dividend payout ratio (DPR) is currently 57.34%.
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.
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