Barrick Mining Corporation (NYSE:B) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts remain broadly positive: Barrick Mining has a “Moderate Buy” consensus from 21 brokerages, with 16 buy ratings, one strong buy, and an average 12-month price target of $52.90 versus a recent price of $40.01.
• Quarterly results showed mixed performance: Barrick beat earnings expectations with $0.82 EPS, while revenue rose 43.8% year over year to $4.19 billion but fell short of the $5.10 billion analyst forecast.
• Shareholders received a quarterly dividend of $0.175 per share, equivalent to $0.70 annually and a 1.7% yield. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Corporation (NYSE:B - Get Free Report) TSE: ABX has been given a consensus recommendation of "Moderate Buy" by the twenty-one brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $52.90.

B has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of Barrick Mining from $49.00 to $53.00 and gave the stock an "outperform" rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. upped their price target on shares of Barrick Mining from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. TD set a $59.00 price objective on Barrick Mining and gave the stock a "buy" rating in a research report on Wednesday, September 16th. Scotiabank dropped their price objective on Barrick Mining from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Wednesday, August 12th. Finally, UBS Group reduced their target price on Barrick Mining from $54.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Parvin Asset Management LLC lifted its holdings in shares of Barrick Mining by 0.7% in the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer's stock valued at $1,454,000 after buying an additional 225 shares during the period. Silver Oak Securities Incorporated grew its holdings in Barrick Mining by 2.9% during the first quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer's stock worth $359,000 after acquiring an additional 246 shares during the period. Fruth Investment Management grew its holdings in Barrick Mining by 1.8% during the first quarter. Fruth Investment Management now owns 20,150 shares of the gold and copper producer's stock worth $821,000 after acquiring an additional 350 shares during the period. Eagle Bay Advisors LLC grew its holdings in Barrick Mining by 7.5% during the first quarter. Eagle Bay Advisors LLC now owns 5,052 shares of the gold and copper producer's stock worth $206,000 after acquiring an additional 352 shares during the period. Finally, Syon Capital LLC raised its position in Barrick Mining by 1.4% during the fourth quarter. Syon Capital LLC now owns 25,570 shares of the gold and copper producer's stock valued at $1,114,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.

Barrick Mining Price Performance

Barrick Mining stock opened at $40.01 on Tuesday. The firm has a market capitalization of $65.41 billion, a P/E ratio of 10.31, a PEG ratio of 1.18 and a beta of 0.48. Barrick Mining has a one year low of $30.35 and a one year high of $54.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. The business has a fifty day moving average price of $42.61 and a 200-day moving average price of $40.83.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%.The firm had revenue of $4.19 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the prior year, the business posted $0.47 earnings per share. The company's revenue was up 43.8% on a year-over-year basis. As a group, equities research analysts forecast that Barrick Mining will post 3.48 EPS for the current year.

Barrick Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 31st. Barrick Mining's dividend payout ratio (DPR) is 18.04%.

Trending Headlines about Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Tanzania renewed Barrick’s North Mara mining licenses for 15 years, providing long-term operating certainty for the gold mine and allowing continued investment in its operations, workforce, and surrounding communities. Tanzania Renews Barrick North Mara Mining Licenses for 15 Years
• Positive Sentiment: Barrick also avoided a planned strike at its Loulo-Gounkoto complex in Mali by reaching a new collective bargaining agreement. The agreement lowers the risk of production disruptions and removes an immediate labor-related overhang, although broader operating and regulatory risks in Mali remain relevant. Barrick Mining Averts Mali Strike
• Neutral Sentiment: At Pueblo Viejo in the Dominican Republic, Barrick completed its 59th participatory environmental monitoring exercise. The initiative may support community relations and demonstrate environmental oversight, but it is unlikely to materially change near-term earnings. Pueblo Viejo Completes Environmental Monitoring Exercise
• Negative Sentiment: Gold-price softness remains a potential headwind because Barrick’s revenue and cash flow are highly sensitive to bullion prices. Recent commentary also highlights ongoing debate over the stock’s valuation and production outlook, which could limit gains despite the favorable license renewal. Barrick Mining in Focus as Gold Softens

Barrick Mining Company Profile

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company's gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d'Ivoire, Tanzania and the Democratic Republic of the Congo.

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