Cormark Forecasts 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 - Cormark dropped their FY2025 earnings per share (EPS) estimates for Barrick Mining in a research report issued to clients and investors on Tuesday, August 12th. Cormark analyst R. Gray now expects 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.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings data on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $3.72 billion for 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 company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. CIBC upgraded shares of Barrick Mining from a "neutral" rating to an "outperform" rating in a research note 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. Finally, Scotiabank lifted their target price on shares of Barrick Mining from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.77.

Barrick Mining Stock Down 1.1%

NYSE:B traded down $0.2750 during trading hours on Thursday, reaching $23.9850. The company's stock had a trading volume of 9,551,313 shares, compared to its average volume of 19,478,268. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. The company has a market cap of $40.92 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 0.37 and a beta of 0.27. Barrick Mining has a one year low of $15.11 and a one year high of $24.48. The business's 50-day moving average is $21.60 and its 200-day moving average is $19.76.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in Barrick Mining during the second quarter worth $661,000. Asset Dedication LLC bought a new stake in Barrick Mining in the second quarter valued at about $78,000. Liontrust Investment Partners LLP acquired a new position in Barrick Mining in the second quarter worth about $12,060,000. Hollencrest Capital Management bought a new position in Barrick Mining during the second quarter worth about $1,901,000. Finally, Westwood Holdings Group Inc. acquired a new stake in Barrick Mining during the second quarter valued at approximately $29,013,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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.