Barrick Mining (B) to Release Earnings on Monday

Key Points

• Upcoming earnings: Barrick is expected to report results before markets open on Monday, May 11, with analysts forecasting $0.793 EPS and $4.76B revenue; the company beat the prior quarter with $1.04 EPS on $5.98B in revenue.
• Dividend boost: Barrick raised its quarterly dividend to $0.42 (annualized $1.68), implying a ~4.3% yield and up from the prior $0.18 quarterly payout.
• Analyst view: The consensus rating is a "Moderate Buy" with a $54.17 target price, and the stock trades at about a $65B market cap with a P/E near 13.2.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX will likely be posting its results before the market opens on Monday, May 11th. Analysts expect Barrick Mining to post earnings of $0.7930 per share and revenue of $4.7595 billion for the quarter.

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 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business's quarterly revenue was up 44.6% compared to the same quarter last year. On average, analysts expect Barrick Mining to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Barrick Mining Stock Performance

Shares of Barrick Mining stock opened at $38.79 on Monday. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $64.99 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.16 and a beta of 0.41. The business has a fifty day simple moving average of $42.85 and a two-hundred day simple moving average of $42.43. Barrick Mining has a 12 month low of $17.41 and a 12 month high of $54.69.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 annualized dividend and a dividend yield of 4.3%. This is a boost from Barrick Mining's previous quarterly dividend of $0.18. Barrick Mining's payout ratio is presently 57.34%.

Analysts Set New Price Targets

B has been the subject of several recent analyst reports. Zacks Research lowered Barrick Mining from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 13th. DZ Bank raised Barrick Mining to a "strong-buy" rating in a research report on Monday, January 19th. Scotiabank lifted their price target on Barrick Mining from $43.00 to $63.00 and gave the stock an "outperform" rating in a research report on Monday, January 26th. Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 7th. Finally, UBS Group lowered their price target on Barrick Mining from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $54.17.

Hedge Funds Weigh In On Barrick Mining

A number of hedge funds have recently bought and sold shares of the business. Compound Planning Inc. raised its position in Barrick Mining by 7.8% in the 4th quarter. Compound Planning Inc. now owns 48,984 shares of the gold and copper producer's stock worth $2,133,000 after buying an additional 3,541 shares during the last quarter. Corient Private Wealth LLC raised its position in Barrick Mining by 64.2% in the 4th quarter. Corient Private Wealth LLC now owns 81,770 shares of the gold and copper producer's stock worth $3,562,000 after buying an additional 31,959 shares during the last quarter. Vident Advisory LLC raised its position in Barrick Mining by 352.7% in the 4th quarter. Vident Advisory LLC now owns 192,048 shares of the gold and copper producer's stock worth $8,364,000 after buying an additional 149,625 shares during the last quarter. Wahed Invest LLC raised its position in Barrick Mining by 6.9% in the 4th quarter. Wahed Invest LLC now owns 32,759 shares of the gold and copper producer's stock worth $1,429,000 after buying an additional 2,112 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in Barrick Mining in the 4th quarter worth about $401,000. Hedge funds and other institutional investors own 90.82% of the company's stock.

About Barrick Mining

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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