Barrick Mining FY2025 EPS Raised by National Bank Financial

Key Points

• National Bank Financial raised their FY2025 earnings per share estimate for Barrick Mining to $1.99, up from $1.95, while the consensus estimate is currently $1.47.
• Barrick Mining reported a quarterly earnings data of $0.47 per share, matching analysts' expectations, alongside revenue that surpassed estimates at $3.72 billion.
• The stock currently has an average rating of "Moderate Buy" with an average target price of $24.41, reflecting a mix of hold, buy, and strong buy ratings from analysts.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - National Bank Financial upped their FY2025 earnings per share estimates for shares of Barrick Mining in a research report issued to clients and investors on Monday, August 11th. National Bank Financial analyst S. Nagle now forecasts that the gold and copper producer will post earnings per share of $1.99 for the year, up from their previous estimate of $1.95. 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 $2.47 EPS.

A number of other research analysts also recently commented on B. BMO Capital Markets started coverage on Barrick Mining in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Cibc World Mkts upgraded Barrick Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Royal Bank Of Canada set a $26.00 price objective on shares of Barrick Mining and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, CIBC upgraded Barrick Mining from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Barrick Mining currently has an average rating of "Moderate Buy" and an average target price of $24.41.

Barrick Mining Stock Performance

Shares of B opened at $23.49 on Wednesday. The company has a market capitalization of $40.07 billion, a PE ratio of 14.77, a P/E/G ratio of 0.35 and a beta of 0.27. Barrick Mining has a 52-week low of $15.11 and a 52-week high of $23.58. The company has a 50-day simple moving average of $21.29 and a 200-day simple moving average of $19.52. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings data on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.60 billion. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS.

Institutional Trading of Barrick Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. purchased a new position in shares of Barrick Mining during the 2nd quarter worth $25,000. Concord Wealth Partners purchased a new stake in shares of Barrick Mining in the second quarter worth about $26,000. Crowley Wealth Management Inc. acquired a new stake in Barrick Mining in the second quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in Barrick Mining in the 2nd quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Barrick Mining in the second quarter valued at about $27,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

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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