Barrick Mining (NYSE:B) Given "Hold" Rating at Freedom Broker

Key Points

• Freedom Broker reaffirmed a “Hold” rating on Barrick Mining but cut its price target from $54 to $46, implying approximately 19% upside from the stock’s recent $38.65 price.
• Analyst sentiment remains broadly positive but mixed, with a consensus rating of “Moderate Buy” and an average price target of $52.59; ratings include 15 Buys, six Holds and one Strong Buy.
• Barrick’s latest quarter showed strong operating momentum: adjusted earnings of $0.82 per share exceeded estimates, revenue rose 43.8% year over year to $5.29 billion, and net margin reached 31.6%.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX's stock had its "hold" rating reaffirmed by investment analysts at Freedom Broker in a research report issued on Thursday, Benzinga reports. They presently have a $46.00 price objective on the gold and copper producer's stock, down from their previous price objective of $54.00. Freedom Broker's price objective suggests a potential upside of 19.03% from the company's current price.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada increased their price objective on Barrick Mining from $49.00 to $53.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. UBS Group cut their target price on Barrick Mining from $54.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Citigroup boosted their target price on Barrick Mining from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Bank of America reduced their price target on Barrick Mining from $56.00 to $54.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Finally, Scotiabank cut their price objective on shares of Barrick Mining from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Barrick Mining has an average rating of "Moderate Buy" and a consensus price target of $52.59.

Barrick Mining Stock Down 5.2%

Shares of NYSE:B traded down $2.11 during midday trading on Thursday, reaching $38.65. 8,618,204 shares of the company were exchanged, compared to its average volume of 12,135,841. The firm has a market cap of $63.18 billion, a PE ratio of 9.96, a P/E/G ratio of 1.26 and a beta of 0.48. Barrick Mining has a fifty-two week low of $30.98 and a fifty-two week high of $54.69. The stock has a fifty day simple moving average of $42.86 and a two-hundred day simple moving average of $40.94. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the business earned $0.47 EPS. The company's revenue for the quarter was up 43.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Barrick Mining will post 3.49 earnings per share for the current year.

Institutional Trading of Barrick Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in B. Ascentis Independent Advisors bought a new position in shares of Barrick Mining in the 1st quarter valued at about $28,000. Key Financial Inc raised its holdings in shares of Barrick Mining by 137.5% in the 1st quarter. Key Financial Inc now owns 753 shares of the gold and copper producer's stock valued at $31,000 after purchasing an additional 436 shares during the period. Continuum Advisory LLC bought a new stake in shares of Barrick Mining in the 2nd quarter valued at about $32,000. Allied Private Wealth LLC acquired a new stake in Barrick Mining in the 2nd quarter valued at about $35,000. Finally, Root Financial Partners LLC acquired a new stake in Barrick Mining in the 3rd quarter valued at about $38,000. 90.82% of the stock is owned by institutional investors.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: JPMorgan raised its price target for Barrick from $52 to $55 and maintained an Overweight rating, implying substantial potential upside from recent trading levels. JPMorgan price-target article
• Positive Sentiment: Potential longer-term catalysts include higher dividends, share repurchases and production expansion. Barrick’s valuation has also attracted bullish attention after its shares declined more than 6% year to date. Barrick catalysts article
• Neutral Sentiment: Analyst opinion remains divided: one target was upgraded, while other firms have recently reduced their targets, including TD Securities and CIBC. This suggests investors are weighing Barrick’s attractive valuation against execution and commodity-price risks. Barrick analyst scorecard
• Negative Sentiment: Freedom Broker’s downgrade was part of a broader retreat in gold-mining stocks. The firm cited trimmed EBITDA forecasts, lingering operational risks and valuation constraints, pressuring Barrick alongside Agnico Eagle and Newmont. Gold-miner downgrade article
• Negative Sentiment: Investors are also monitoring cash-flow quality ahead of Barrick’s third-quarter results. Second-quarter net earnings rose 50% year over year on stronger gold and copper prices, but attributable free cash flow fell to $141 million from $212 million, raising questions about how effectively profits are converting into cash. Barrick earnings and cash-flow article

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.

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