Barrick Mining (NYSE:B) Trading Up 2.5% - Should You Buy?

Key Points

• Shares rose about 2.5% on Wednesday to roughly $38.99 intraday (high $39.67) on volume of ~11.9 million shares, about 26% below the average session volume.
• Barrick delivered an earnings beat, reporting $1.04 EPS vs. $0.85 expected and $5.98 billion in revenue (vs. $5.15B est.), with revenue up 44.6% year‑over‑year.
• The company increased its quarterly dividend to $0.42 (annualized $1.68, ~4.3% yield), and analysts maintain a Moderate Buy consensus with an average price target of $55.25.

Barrick Mining Corporation (NYSE:B - Get Free Report) TSE: ABX's stock price traded up 2.5% on Wednesday . The stock traded as high as $39.67 and last traded at $38.9880. 11,911,673 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 16,199,034 shares. The stock had previously closed at $38.03.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on B. Zacks Research downgraded shares of Barrick Mining from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 13th. Scotiabank lifted their price target on Barrick Mining from $43.00 to $63.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. Citigroup upped their price objective on Barrick Mining from $38.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Wall Street Zen upgraded Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 7th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Barrick Mining in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.25.

Barrick Mining Trading Up 2.5%

The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The company has a market cap of $65.32 billion, a P/E ratio of 13.31, a PEG ratio of 1.25 and a beta of 0.41. The business has a fifty day moving average price of $46.81 and a 200-day moving average price of $40.74.

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

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, February 27th. This is a positive change from Barrick Mining's previous quarterly dividend of $0.18. Barrick Mining's dividend payout ratio (DPR) is 57.34%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Consulate Inc. lifted its position in shares of Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer's stock valued at $25,000 after purchasing an additional 521 shares in the last quarter. Westside Investment Management Inc. bought a new position in shares of Barrick Mining during the 4th quarter worth $25,000. Arlington Trust Co LLC bought a new position in Barrick Mining during the third quarter worth about $26,000. Intesa Sanpaolo Wealth Management purchased a new position in Barrick Mining in the 4th quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Barrick Mining during the 3rd quarter valued at $28,000. Institutional investors own 90.82% of the company's stock.

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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