Shares of Barrick Mining Corporation (NYSE:B - Get Free Report) TSE: ABX have been assigned a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $55.25.
Several research analysts have issued reports on B shares. Bank of America upgraded shares of Barrick Mining from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $38.00 to $48.00 in a research report on Monday, November 24th. Raymond James Financial increased their price objective on Barrick Mining from $40.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday, November 25th. BNP Paribas Exane upgraded Barrick Mining to a "neutral" rating and set a $50.00 target price on the stock in a report on Friday, December 5th. TD Cowen reaffirmed a "buy" rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Finally, Zacks Research downgraded Barrick Mining from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 13th.
Check Out Our Latest Stock Report on Barrick Mining
Barrick Mining News Roundup
Here are the key news stories impacting Barrick Mining this week:
Barrick Mining Stock Performance
NYSE:B opened at $38.23 on Friday. The company has a 50-day moving average of $47.49 and a 200-day moving average of $40.34. The firm has a market cap of $64.04 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. Barrick Mining has a twelve month low of $17.00 and a twelve month high of $54.69.
Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.15 billion. The firm's revenue was up 44.6% compared to the same quarter last year. Analysts forecast that Barrick Mining will post 1.47 earnings per share for the current fiscal year.
Barrick Mining Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.42 per share. This is a boost from Barrick Mining's previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining's payout ratio is currently 57.34%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new position in shares of Barrick Mining during the second quarter valued at $1,459,633,000. Measured Wealth Private Client Group LLC purchased a new stake in Barrick Mining in the 2nd quarter worth about $696,000. Philadelphia Trust Co. acquired a new stake in Barrick Mining during the 2nd quarter worth about $1,412,000. CIBC Asset Management Inc boosted its position in Barrick Mining by 316.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer's stock worth $601,115,000 after acquiring an additional 13,891,886 shares during the period. Finally, Cadence Wealth Management LLC purchased a new position in Barrick Mining during the 2nd quarter valued at about $1,112,000. 90.82% of the stock is owned by hedge funds and other institutional investors.
Barrick Mining Company Profile
(
Get Free Report)
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.
Further Reading

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