Analysts Set Expectations for Barrick Mining FY2026 Earnings

Key Points

• National Bank Financial has raised its FY2026 earnings per share estimate for Barrick Mining to $2.82, significantly higher than its previous estimate of $2.47.
• Barrick Mining's recent quarterly earnings met analyst expectations with a reported earnings per share (EPS) of $0.47 and a revenue increase of 16.4% compared to the same quarter last year.
• The company's stock ratings are mixed, with a consensus rating of "Moderate Buy" and a price target of $33.33.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Stock analysts at National Bank Financial lifted their FY2026 earnings per share estimates for shares of Barrick Mining in a research report issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the gold and copper producer will post earnings per share of $2.82 for the year, up from their prior forecast of $2.47. National Bank Financial currently has a "Outperform" rating on the stock. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share.

Several other research firms have also commented on B. Wall Street Zen lowered shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Zacks Research cut Barrick Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. TD Securities lifted their target price on Barrick Mining from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Monday. CIBC restated an "outperform" rating on shares of Barrick Mining in a report on Monday. Finally, Royal Bank Of Canada increased their target price on Barrick Mining from $34.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and a consensus price target of $33.33.

Barrick Mining Stock Performance

NYSE:B opened at $34.30 on Friday. The company's 50-day moving average is $25.91 and its two-hundred day moving average is $21.82. Barrick Mining has a 1-year low of $15.11 and a 1-year high of $36.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. The firm has a market capitalization of $58.41 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 0.59 and a beta of 0.28.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.60 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The company's revenue was up 16.4% compared to the same quarter last year.

Barrick Mining Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.15 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. Barrick Mining's dividend payout ratio is presently 37.74%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in B. Forum Financial Management LP acquired a new position in Barrick Mining in the fourth quarter valued at $213,000. Ameriflex Group Inc. purchased a new position in shares of Barrick Mining during the fourth quarter worth about $39,000. Park Square Financial Group LLC purchased a new position in shares of Barrick Mining during the fourth quarter worth about $71,000. Aegis Wealth Management LLC acquired a new position in Barrick Mining in the 4th quarter valued at about $186,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Barrick Mining by 14.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock valued at $1,141,000 after acquiring an additional 9,149 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Barrick Mining Company Profile

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.

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