Stifel Canada Raises Earnings Estimates for Barrick Mining

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Stifel Canada lifted their FY2026 earnings estimates for Barrick Mining in a research note issued on Monday, July 21st. Stifel Canada analyst R. Profiti now expects that the gold and copper producer will earn $2.28 per share for the year, up from their previous forecast of $2.15. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share.

Several other analysts also recently issued reports on the stock. Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th. Citigroup reduced their price target on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Royal Bank Of Canada set a $26.00 price target on shares of Barrick Mining and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Raymond James Financial lifted their price target on shares of Barrick Mining from $23.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday, March 31st. Finally, National Bankshares reissued an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.41.

Barrick Mining Trading Down 1.5%

Shares of B stock traded down $0.33 during trading hours on Thursday, hitting $21.41. 11,140,027 shares of the company were exchanged, compared to its average volume of 20,157,098. The firm has a market cap of $36.53 billion, a P/E ratio of 16.10, a P/E/G ratio of 0.33 and a beta of 0.28. Barrick Mining has a fifty-two week low of $15.11 and a fifty-two week high of $21.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.16 and a current ratio of 2.87. The company has a 50 day simple moving average of $20.54 and a two-hundred day simple moving average of $19.01.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS.

Hedge Funds Weigh In On Barrick Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Barrick Mining by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 68,861,295 shares of the gold and copper producer's stock valued at $1,337,012,000 after buying an additional 502,762 shares during the period. Wellington Management Group LLP raised its holdings in Barrick Mining by 17.5% during the 4th quarter. Wellington Management Group LLP now owns 64,310,800 shares of the gold and copper producer's stock valued at $996,802,000 after buying an additional 9,598,292 shares during the period. Capital International Investors raised its holdings in Barrick Mining by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock valued at $516,055,000 after buying an additional 19,189,830 shares during the period. TD Asset Management Inc purchased a new stake in Barrick Mining during the 2nd quarter valued at $386,328,000. Finally, Ninety One UK Ltd purchased a new stake in Barrick Mining during the 2nd quarter valued at $326,862,000. Institutional investors own 90.82% of the company's stock.

Barrick Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. Barrick Mining's dividend payout ratio is 30.08%.

About Barrick Mining

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.   In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.