Barrick Mining (B) to Release Quarterly Earnings on Monday

Key Points

• Barrick Mining is set to announce its quarterly earnings on August 11th, with analysts predicting earnings of $0.49 per share and revenue of $3.60 billion.
• The company recently confirmed a quarterly dividend of $0.10 per share, which represents an annualized yield of 1.8%.
• Current analysts' ratings reflect a mixed outlook, with a consensus of "Moderate Buy" and an average price target of $24.41 for Barrick Mining shares.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX is expected to announce its earnings results before the market opens on Monday, August 11th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $3.60 billion for the quarter.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, topping 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 quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, analysts expect Barrick Mining to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Mining Trading Up 3.2%

Shares of NYSE B traded up $0.69 during midday trading on Monday, reaching $22.06. 3,944,575 shares of the stock were exchanged, compared to its average volume of 19,781,195. The company has a market capitalization of $37.63 billion, a P/E ratio of 16.59, a P/E/G ratio of 0.32 and a beta of 0.27. Barrick Mining has a 52-week low of $15.11 and a 52-week high of $22.27. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $20.80 and a 200-day moving average price of $19.20.

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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, May 30th. Barrick Mining's payout ratio is presently 30.08%.

Analysts Set New Price Targets

A number of research analysts have weighed in on B shares. BMO Capital Markets started coverage on shares of Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating 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. 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. UBS Group boosted their target price on shares of Barrick Mining from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, CIBC boosted their target price on shares of Barrick Mining from $24.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.41.

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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