Cormark Predicts Barrick Mining's FY2025 Earnings (NYSE:B)

Key Points

• Cormark has lowered its FY2025 earnings per share estimate for Barrick Mining to $1.90, down from $1.95, while the consensus estimate for the current full-year earnings is $1.47 per share.
• Barrick Mining's most recent quarterly earnings report showed earnings per share of $0.47, meeting expectations, with revenue rising 16.4% year-over-year to $3.72 billion.
• Institutional investors hold a large majority of Barrick Mining's stock, with 90.82% ownership, indicating strong confidence in the company's performance.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Stock analysts at Cormark dropped their FY2025 earnings per share estimates for Barrick Mining in a research note issued on Tuesday, August 12th. Cormark analyst R. Gray now anticipates that the gold and copper producer will post earnings per share of $1.90 for the year, down from their previous estimate of $1.95. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share. Cormark also issued estimates for Barrick Mining's Q4 2025 earnings at $0.56 EPS and FY2026 earnings at $2.01 EPS.

A number of other equities research analysts also recently weighed in on B. BMO Capital Markets began coverage on Barrick Mining in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. CIBC raised Barrick Mining from a "neutral" rating to an "outperform" rating in a research report on Tuesday. Scotiabank set a $26.00 target price on Barrick Mining and gave the stock a "sector perform" rating in a research report on Wednesday. Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Cibc World Mkts raised Barrick Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.77.

Barrick Mining Stock Performance

B stock traded down $0.29 during trading on Thursday, reaching $23.57. 1,077,695 shares of the stock were exchanged, compared to its average volume of 19,586,174. Barrick Mining has a twelve month low of $15.11 and a twelve month high of $24.15. The company has a market capitalization of $40.22 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.36 and a beta of 0.27. The stock has a 50 day simple moving average of $21.37 and a 200-day simple moving average of $19.55. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate 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 was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share.

Institutional Trading of Barrick Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vermillion Wealth Management Inc. acquired a new stake in shares of Barrick Mining in the second quarter valued at approximately $25,000. Crowley Wealth Management Inc. acquired a new stake in Barrick Mining during the 2nd quarter worth $26,000. Concord Wealth Partners acquired a new stake in Barrick Mining during the 2nd quarter worth $26,000. Ameriflex Group Inc. acquired a new stake in Barrick Mining during the 2nd quarter worth $27,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in Barrick Mining during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 90.82% of the company's stock.

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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