Brokers Issue Forecasts for Barrick Mining FY2025 Earnings

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 - Analysts at National Bank Financial boosted their FY2025 EPS estimates for shares of Barrick Mining in a research note issued to investors on Monday, August 11th. National Bank Financial analyst S. Nagle now expects that the gold and copper producer will post earnings of $1.99 per share for the year, up from their prior forecast 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.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.60 billion. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share.

B has been the subject of several other research reports. CIBC raised shares of Barrick Mining from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Cibc World Mkts upgraded shares of Barrick Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Scotiabank set a $26.00 target price on Barrick Mining and gave the stock a "sector perform" rating in a report on Wednesday, August 13th. Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.77.

Barrick Mining Price Performance

NYSE:B traded up $0.16 during mid-day trading on Wednesday, hitting $24.26. The company's stock had a trading volume of 10,945,677 shares, compared to its average volume of 19,547,412. Barrick Mining has a fifty-two week low of $15.11 and a fifty-two week high of $24.44. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.37 and a beta of 0.27. The stock has a fifty day moving average of $21.53 and a 200-day moving average of $19.70.

Institutional Investors Weigh In On Barrick Mining

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vermillion Wealth Management Inc. bought a new position in Barrick Mining in the second quarter valued at $25,000. Crowley Wealth Management Inc. bought a new position in Barrick Mining in the second quarter valued at $26,000. Concord Wealth Partners bought a new position in Barrick Mining in the second quarter valued at $26,000. Ameriflex Group Inc. bought a new position in Barrick Mining in the second quarter valued at $27,000. Finally, Trifecta Capital Advisors LLC bought a new position in Barrick Mining in the second quarter valued at $27,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.