FY2025 EPS Estimates for Barrick Mining Lifted by Analyst

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - National Bank Financial increased their FY2025 EPS estimates for shares of Barrick Mining in a report released on Tuesday, July 15th. National Bank Financial analyst S. Nagle now anticipates that the gold and copper producer will post earnings per share of $1.95 for the year, up from their previous forecast of $1.74. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share. National Bank Financial also issued estimates for Barrick Mining's FY2026 earnings at $2.45 EPS.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share.

Several other research analysts have also issued reports on the stock. Citigroup lowered their price target on shares of Barrick Mining from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Scotiabank lifted their price objective on shares of Barrick Mining from $20.00 to $22.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. BMO Capital Markets initiated coverage on Barrick Mining in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. UBS Group boosted their price objective on Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Finally, Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. 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's stock. According to data from MarketBeat.com, Barrick Mining has a consensus rating of "Moderate Buy" and an average target price of $24.41.

Barrick Mining Stock Performance

NYSE B traded down $0.09 on Friday, hitting $20.72. 7,257,568 shares of the stock were exchanged, compared to its average volume of 4,350,858. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 2.16. The business's fifty day moving average is $20.17 and its 200 day moving average is $18.76. Barrick Mining has a 52 week low of $17.41 and a 52 week high of $47.50. The company has a market capitalization of $35.35 billion, a PE ratio of 15.58, a P/E/G ratio of 0.33 and a beta of 0.28.

Barrick Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Friday, May 30th. Barrick Mining's payout ratio is 30.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Barrick Mining by 21.8% in the first quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer's stock valued at $62,000 after acquiring an additional 563 shares during the period. Sapient Capital LLC increased its holdings in shares of Barrick Mining by 0.5% in the first quarter. Sapient Capital LLC now owns 114,572 shares of the gold and copper producer's stock valued at $2,227,000 after buying an additional 624 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in Barrick Mining by 2.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer's stock valued at $558,000 after purchasing an additional 710 shares during the period. Nicholas Hoffman & Company LLC. raised its stake in Barrick Mining by 1.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer's stock valued at $924,000 after purchasing an additional 716 shares during the period. Finally, Keystone Financial Group grew its holdings in shares of Barrick Mining by 1.4% during the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock valued at $874,000 after acquiring an additional 753 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

About Barrick Mining

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.