Barrick Mining Corporation (NYSE:B) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst consensus "Moderate Buy". Twenty-one analysts cover Barrick (16 buy, 4 hold, 1 strong buy) with an average 12‑month target of $54.83.
• Quarterly results beat estimates. Barrick reported $1.04 EPS vs. $0.85 expected and $5.98B revenue (vs. $5.15B), with revenue up 44.6% year‑over‑year and analysts forecasting ~1.47 EPS for the year.
• Dividend was raised. Barrick declared a quarterly dividend of $0.42 (annualized $1.68) for a ~3.9% yield, up from $0.18 previously, with a payout ratio of about 57.3%.

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 analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $54.8333.

A number of research firms recently commented on B. UBS Group dropped their price target on Barrick Mining from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Friday, March 27th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $71.00 price target on shares of Barrick Mining in a research note on Wednesday, February 4th. JPMorgan Chase & Co. began coverage on Barrick Mining in a research note on Thursday, January 29th. They issued an "overweight" rating and a $68.00 price target for the company. Wall Street Zen raised Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 7th. Finally, DZ Bank raised Barrick Mining to a "strong-buy" rating in a research note on Monday, January 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. McAlvany Wealth Management LLC bought a new position in Barrick Mining in the fourth quarter valued at about $3,805,000. Purpose Unlimited Inc. bought a new position in Barrick Mining in the fourth quarter valued at about $1,992,000. Rockefeller Capital Management L.P. grew its position in Barrick Mining by 8.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 540,000 shares of the gold and copper producer's stock valued at $23,517,000 after acquiring an additional 43,757 shares during the last quarter. Fund Advisors of America Inc FL bought a new position in Barrick Mining in the fourth quarter valued at about $251,000. Finally, World Investment Advisors grew its position in Barrick Mining by 7.2% in the fourth quarter. World Investment Advisors now owns 11,614 shares of the gold and copper producer's stock valued at $506,000 after acquiring an additional 782 shares during the last quarter. Institutional investors own 90.82% of the company's stock.

Barrick Mining Stock Down 1.3%

B opened at $43.00 on Tuesday. Barrick Mining has a fifty-two week low of $17.41 and a fifty-two week high of $54.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.33 and a current ratio of 2.92. The company has a market capitalization of $72.05 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.56 and a beta of 0.50. The stock has a fifty day moving average of $44.35 and a 200-day moving average of $41.72.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company's revenue for the quarter was up 44.6% on a year-over-year basis. On average, equities analysts expect that Barrick Mining will post 1.47 EPS for the current year.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.9%. This is a boost from Barrick Mining's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining's payout ratio is presently 57.34%.

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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