Barrick Mining (NYSE:B) Lowered to Buy Rating by Wall Street Zen

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

A number of other analysts have also recently issued reports on the company. Royal Bank Of Canada increased their target price on Barrick Mining from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Raymond James Financial increased their price objective on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. BMO Capital Markets started coverage on Barrick Mining in a report on Wednesday, April 16th. They set a "market perform" rating for the company. CIBC increased their target price on Barrick Mining from $22.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Finally, National Bankshares reiterated an "outperform" rating on shares of Barrick Mining in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Barrick Mining has an average rating of "Moderate Buy" and a consensus target price of $24.05.

Barrick Mining Trading Down 0.2%

NYSE:B traded down $0.04 during trading hours on Friday, hitting $21.38. The stock had a trading volume of 15,979,558 shares, compared to its average volume of 3,128,131. Barrick Mining has a one year low of $17.41 and a one year high of $47.50. 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 market cap of $36.64 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 0.36 and a beta of 0.27. The business's 50 day moving average is $19.44 and its 200-day moving average is $18.03.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the prior year, the company earned $0.19 EPS. The firm's quarterly revenue was up 13.9% on a year-over-year basis. Sell-side analysts anticipate that Barrick Mining will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Barrick Mining

A number of institutional investors have recently made changes to their positions in B. Crowley Wealth Management Inc. bought a new stake in Barrick Mining in the 4th quarter valued at about $26,000. Vega Investment Solutions bought a new stake in shares of Barrick Mining in the fourth quarter valued at approximately $31,000. Nexus Investment Management ULC acquired a new stake in Barrick Mining during the first quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Barrick Mining during the first quarter worth approximately $32,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Barrick Mining during the fourth quarter worth approximately $37,000. Institutional investors own 90.82% of the company's stock.

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.