FY2025 EPS Estimates for Barrick Mining Decreased by Cormark

Key Points

• Cormark has decreased its FY2025 EPS estimate for Barrick Mining to $1.89 from $1.90, while the current consensus for full-year earnings is $1.47 per share.
• Several analysts have revised their ratings on Barrick Mining, with Cibc World Mkts upgrading the stock to a "strong-buy" and Zacks cutting it to a "hold" rating.
• Barrick Mining recently declared a quarterly dividend of $0.15 per share, reflecting an annual yield of 2.1%, with a current dividend payout ratio of 37.74%.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Stock analysts at Cormark decreased their FY2025 EPS estimates for shares of Barrick Mining in a research report issued to clients and investors on Friday, September 12th. Cormark analyst R. Gray now expects that the gold and copper producer will post earnings of $1.89 per share for the year, down from their previous forecast of $1.90. 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 $0.55 EPS, FY2026 earnings at $1.91 EPS and FY2027 earnings at $2.27 EPS.

Several other analysts have also commented on the company. Cibc World Mkts upgraded Barrick Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 12th. Royal Bank Of Canada set a $26.00 target price on Barrick Mining and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Zacks Research cut Barrick Mining from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Wall Street Zen lowered Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, CIBC upgraded shares of Barrick Mining from a "neutral" rating to an "outperform" rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Barrick Mining presently has a consensus rating of "Moderate Buy" and an average price target of $24.94.

Barrick Mining Price Performance

B opened at $29.05 on Monday. The firm has a market capitalization of $49.47 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 0.54 and a beta of 0.28. 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 business's 50-day moving average is $23.94 and its two-hundred day moving average is $21.00. Barrick Mining has a 1 year low of $15.11 and a 1 year high of $29.79.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last released 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. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The firm's quarterly revenue was up 16.4% on a year-over-year basis.

Barrick Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 29th. Barrick Mining's dividend payout ratio (DPR) is currently 37.74%.

Institutional Trading of Barrick Mining

Several institutional investors and hedge funds have recently made changes to their positions in B. Vermillion Wealth Management Inc. purchased a new stake in 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 purchased a new position in Barrick Mining during the 2nd quarter worth $26,000. Ameriflex Group Inc. purchased a new position in Barrick Mining during the 2nd quarter worth $27,000. Finally, Trifecta Capital Advisors LLC acquired a new position in Barrick Mining in the second quarter valued at $27,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

About Barrick Mining

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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