Barrick Mining Corporation (NYSE:B) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts remain broadly bullish on Barrick Mining, with 18 buy, one strong-buy and four hold ratings among 23 firms. The average 12-month price target is $52.57, versus a referenced share price of $41.64.
• Barrick reported quarterly EPS of $0.82, slightly ahead of estimates, while revenue rose 43.8% year over year to $4.19 billion but fell short of the $5.10 billion consensus. The company also declared a quarterly dividend of $0.175, equivalent to a 1.7% annualized yield.
• Institutional investors own 90.82% of the stock, and several hedge funds recently increased their positions. Gold prices near record highs and progress toward a North American IPO support the outlook, though regulatory scrutiny in the Philippines and mixed analyst target changes remain risks.

Barrick Mining Corporation (NYSE:B - Get Free Report) TSE: ABX has been given an average recommendation of "Moderate Buy" by the twenty-three research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $52.5714.

Several brokerages recently issued reports on B. Royal Bank Of Canada decreased their price target on Barrick Mining from $51.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. UBS Group cut their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. JPMorgan Chase & Co. upped their target price on shares of Barrick Mining from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday. Citigroup reiterated a "positive" rating on shares of Barrick Mining in a report on Wednesday, July 15th. Finally, TD dropped their price target on shares of Barrick Mining from $61.00 to $59.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th.

Hedge Funds Weigh In On Barrick Mining

Hedge funds have recently modified their holdings of the company. Bogart Wealth LLC lifted its position in shares of Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer's stock worth $281,000 after purchasing an additional 218 shares during the period. Parvin Asset Management LLC increased its holdings in Barrick Mining by 0.7% during the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer's stock valued at $1,454,000 after buying an additional 225 shares during the period. Silver Oak Securities Incorporated increased its holdings in Barrick Mining by 2.9% during the first quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer's stock valued at $359,000 after buying an additional 246 shares during the period. Mmbg Investment Advisors CO. raised its stake in Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer's stock worth $1,892,000 after buying an additional 254 shares in the last quarter. Finally, S.A. Mason LLC raised its stake in Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer's stock worth $1,007,000 after buying an additional 300 shares in the last quarter. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Performance

Shares of B opened at $41.64 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 3.01. The stock has a 50 day moving average price of $38.27 and a two-hundred day moving average price of $41.72. The firm has a market capitalization of $68.54 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.81 and a beta of 0.47. Barrick Mining has a 52 week low of $23.43 and a 52 week high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%.The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the business posted $0.47 earnings per share. The company's quarterly revenue was up 43.8% compared to the same quarter last year. Equities analysts forecast that Barrick Mining will post 3.51 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Barrick Mining's dividend payout ratio is presently 18.04%.

Key Barrick Mining News

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Gold’s proximity to record highs is improving the outlook for Barrick’s gold production revenue, cash flow and margins. The company also produces copper, providing additional commodity exposure. Barrick Mining in Focus as Gold Stays Near Record Highs
• Positive Sentiment: JPMorgan raised its Barrick price target from $50 to $52 and maintained an “overweight” rating, implying substantial upside from the referenced share price. The target increase signals continued confidence in the company’s valuation and operating outlook.
• Positive Sentiment: Newmont consented to Barrick’s planned North American IPO as part of an agreement resolving disputes related to Nevada Gold Mines. Removing this disclosed transaction hurdle reduces a major execution risk and may help advance the IPO plans. Newmont Removed a Major IPO Risk
• Neutral Sentiment: Despite clearing the IPO obstacle, Barrick shares previously fell more than 6%, indicating that investors may have been focused on valuation, execution uncertainty or profit-taking rather than treating the Newmont agreement as an immediate catalyst. Barrick Mining Cleared Its IPO Hurdle
• Neutral Sentiment: TD lowered its price target to $59, contrasting with JPMorgan’s increase, suggesting analysts remain positive overall but differ on Barrick’s near-term valuation.
• Negative Sentiment: Philippine regulators will review a proposed Marinduque-related settlement amid concerns about rehabilitation obligations. Further scrutiny could create legal, environmental or financial uncertainty for Barrick. DENR to Weigh In on Marinduque-Barrick Settlement

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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