Barrick Mining FY2026 EPS Cut by Raymond James Financial

Key Points

• Raymond James Financial has lowered its FY2026 earnings per share (EPS) estimate for Barrick Mining from $2.61 to $2.18, while maintaining an "Outperform" rating and a price target of $36.00.
• Other analysts have given mixed ratings on Barrick Mining, with National Bank Financial upgrading it to "outperform" and Zacks Research downgrading it from "strong-buy" to "hold."
• Barrick Mining recently paid a quarterly dividend of $0.15, marking an annualized yield of 1.7%, amidst a current payout ratio of 37.74%.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Raymond James Financial lowered their FY2026 earnings per share (EPS) estimates for shares of Barrick Mining in a research report issued on Monday, September 22nd. Raymond James Financial analyst B. Macarthur now anticipates that the gold and copper producer will post earnings per share of $2.18 for the year, down from their previous forecast of $2.61. Raymond James Financial has a "Outperform" rating and a $36.00 price target on the stock. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share.

A number of other equities research analysts have also issued reports on the company. National Bank Financial raised Barrick Mining from a "sector perform" rating to an "outperform" rating in a research note on Monday. Zacks Research cut shares of Barrick Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. TD Securities raised their price objective on Barrick Mining from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Monday. Finally, Royal Bank Of Canada upped their target price on Barrick Mining from $34.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Barrick Mining currently has an average rating of "Moderate Buy" and an average price target of $33.33.

Barrick Mining Stock Performance

NYSE:B opened at $34.54 on Wednesday. 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 $58.82 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 0.62 and a beta of 0.27. The firm has a 50-day moving average price of $25.39 and a two-hundred day moving average price of $21.63. Barrick Mining has a twelve month low of $15.11 and a twelve month high of $36.10.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The business's revenue was up 16.4% on a year-over-year basis.

Institutional Trading of Barrick Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC boosted its holdings in Barrick Mining by 1,919.0% in the first quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer's stock valued at $56,000 after purchasing an additional 2,821 shares during the last quarter. Hedges Asset Management LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at approximately $1,249,000. Chemistry Wealth Management LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at approximately $246,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Barrick Mining by 14.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer's stock worth $1,141,000 after buying an additional 9,149 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Barrick Mining by 24.4% during the first quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer's stock worth $404,000 after buying an additional 4,082 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.15 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. Barrick Mining's payout ratio is currently 37.74%.

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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