FY2026 EPS Estimate for Barrick Mining Lowered by Analyst

Key Points

• Scotiabank cut its FY2026 EPS estimate for Barrick to $3.28 from $3.43 while keeping an "Outperform" rating and $63 price target; the consensus FY2026 EPS is $3.55 and the stock's average analyst price target is $54.17 (average rating: Moderate Buy).
• Barrick beat expectations for the most recent quarter with $1.04 EPS (vs. $0.85 expected) and $5.98B revenue (vs. $5.15B), and the company raised its quarterly dividend to $0.42 (annualized $1.68, ~4.1% yield).

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Analysts at Scotiabank cut their FY2026 earnings per share estimates for Barrick Mining in a note issued to investors on Thursday, April 23rd. Scotiabank analyst T. Jakusconek now anticipates that the gold and copper producer will post earnings of $3.28 per share for the year, down from their previous estimate of $3.43. Scotiabank currently has a "Outperform" rating and a $63.00 price target on the stock. The consensus estimate for Barrick Mining's current full-year earnings is $3.55 per share. Scotiabank also issued estimates for Barrick Mining's FY2027 earnings at $3.56 EPS.

Several other brokerages have also recently issued reports on B. Canaccord Genuity Group cut their price target on Barrick Mining to $77.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. DZ Bank upgraded Barrick Mining to a "strong-buy" rating in a research note on Monday, January 19th. Citigroup boosted their price target on Barrick Mining from $38.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. Canadian Imperial Bank of Commerce cut their price target on Barrick Mining to $63.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. began coverage on Barrick Mining in a research note on Thursday, January 29th. They set an "overweight" rating and a $68.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.17.

Barrick Mining Trading Up 0.0%

Shares of B stock opened at $41.10 on Monday. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The stock has a market cap of $68.86 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.51 and a beta of 0.50. The stock has a 50 day simple moving average of $43.53 and a 200 day simple moving average of $42.25. Barrick Mining has a 1 year low of $17.41 and a 1 year high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.19. The business had revenue of $5.98 billion during the quarter, compared to analysts' expectations of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The firm's revenue for the quarter was up 44.6% on a year-over-year basis.

Barrick Mining Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, February 27th. This is a boost from Barrick Mining's previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 4.1%. Barrick Mining's dividend payout ratio is currently 57.34%.

Institutional Investors Weigh In On Barrick Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in B. Capital International Investors lifted its stake in Barrick Mining by 35.9% during the third quarter. Capital International Investors now owns 101,846,588 shares of the gold and copper producer's stock worth $3,340,709,000 after purchasing an additional 26,921,219 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Barrick Mining by 316.0% during the third quarter. CIBC Asset Management Inc now owns 18,287,558 shares of the gold and copper producer's stock worth $601,115,000 after purchasing an additional 13,891,886 shares during the last quarter. FIL Ltd lifted its stake in Barrick Mining by 85.3% during the fourth quarter. FIL Ltd now owns 30,099,422 shares of the gold and copper producer's stock worth $1,311,169,000 after purchasing an additional 13,853,587 shares during the last quarter. Van ECK Associates Corp lifted its stake in Barrick Mining by 22.8% during the fourth quarter. Van ECK Associates Corp now owns 55,423,240 shares of the gold and copper producer's stock worth $2,413,699,000 after purchasing an additional 10,287,544 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Barrick Mining during the second quarter worth $211,263,000. 90.82% of the stock is currently owned by institutional investors.

Barrick Mining Company Profile

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company's activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.

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