FY2025 EPS Estimates for Barrick Mining Boosted by Analyst

Key Points

• Analysts at Stifel Canada have raised their FY2025 EPS estimates for Barrick Mining to $2.15 from $2.07, indicating a positive outlook for the company.
• Barrick Mining's stock has been rated with two "Strong Buy," ten "Buy," and five "Hold" ratings, with an average target price of $41.00.
• The company recently reported a quarterly EPS of $0.47, meeting expectations, while also experiencing a 16.4% year-over-year increase in revenue.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Equities research analysts at Stifel Canada upped their FY2025 earnings per share estimates for Barrick Mining in a research report issued to clients and investors on Monday, October 20th. Stifel Canada analyst R. Profiti now expects that the gold and copper producer will post earnings of $2.15 per share for the year, up from their prior estimate of $2.07. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share.

A number of other brokerages have also issued reports on B. BMO Capital Markets reiterated a "market perform" rating on shares of Barrick Mining in a report on Monday, September 22nd. Zacks Research lowered Barrick Mining from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. TD Securities upped their target price on Barrick Mining from $38.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, October 8th. Scotiabank upped their target price on Barrick Mining from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada upped their target price on Barrick Mining from $34.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.00.

Barrick Mining Stock Down 9.3%

Shares of NYSE B opened at $31.50 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. The firm has a market capitalization of $53.64 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 0.44 and a beta of 0.30. The stock has a 50 day moving average price of $30.11 and a 200 day moving average price of $23.66. Barrick Mining has a 52-week low of $15.11 and a 52-week high of $36.40.

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

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Barrick Mining's dividend payout ratio is currently 37.74%.

Institutional Trading of Barrick Mining

Several hedge funds and other institutional investors have recently made changes to their positions in B. Vanguard Group Inc. purchased a new stake in shares of Barrick Mining during the 2nd quarter valued at $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $1,091,122,000. First Eagle Investment Management LLC acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $822,056,000. TD Asset Management Inc acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $386,328,000. Finally, Ninety One UK Ltd acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $326,862,000. Hedge funds and other institutional investors 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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