FY2026 EPS Forecast for Barrick Mining Decreased by Analyst

Key Points

• Analysts at Stifel Canada have decreased Barrick Mining's FY2026 earnings per share forecast from $2.28 to $2.26, while the consensus estimate for the current full-year earnings is $1.47 per share.
• Despite the earnings revision, Barrick Mining's recent quarterly earnings met expectations, reporting $0.47 EPS and a revenue of $3.72 billion, exceeding analysts’ expectations of $3.60 billion.
• Barrick Mining has faced mixed ratings from analysts, with a recent upgrade from TD Securities lifting its target price to $38.00 and a rating of "buy", while others have issued "neutral" or "hold" ratings.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Analysts at Stifel Canada reduced their FY2026 earnings per share estimates for Barrick Mining in a report released on Sunday, September 21st. Stifel Canada analyst R. Profiti now expects that the gold and copper producer will post earnings per share of $2.26 for the year, down from their previous estimate of $2.28. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Mining's FY2027 earnings at $2.23 EPS and FY2028 earnings at $2.51 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, hitting the consensus estimate of $0.47. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.60 billion. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. TD Securities lifted their target price on Barrick Mining from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Monday. Bank of America upped their price target on Barrick Mining from $29.00 to $34.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. National Bankshares raised Barrick Mining to an "outperform" rating in a research note on Monday. Finally, Scotiabank boosted their price objective on Barrick Mining from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.33.

Barrick Mining Stock Performance

Shares of NYSE B opened at $34.54 on Wednesday. Barrick Mining has a 12-month low of $15.11 and a 12-month high of $36.10. The firm has a market capitalization of $58.82 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 0.62 and a beta of 0.27. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $25.39 and a 200 day moving average of $21.63.

Hedge Funds Weigh In On Barrick Mining

Several institutional investors have recently bought and sold shares of B. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Barrick Mining by 37.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,438,944 shares of the gold and copper producer's stock worth $22,304,000 after buying an additional 390,531 shares during the last quarter. Vise Technologies Inc. grew its position in Barrick Mining by 36.8% in the fourth quarter. Vise Technologies Inc. now owns 28,932 shares of the gold and copper producer's stock worth $448,000 after acquiring an additional 7,783 shares in the last quarter. Forum Financial Management LP bought a new stake in Barrick Mining during the fourth quarter worth approximately $213,000. Ameriflex Group Inc. purchased a new stake in Barrick Mining during the fourth quarter valued at approximately $39,000. Finally, Employees Retirement System of Texas lifted its stake in shares of Barrick Mining by 252.8% in the 4th quarter. Employees Retirement System of Texas now owns 86,949 shares of the gold and copper producer's stock valued at $1,348,000 after purchasing an additional 62,302 shares during the last quarter. Institutional investors own 90.82% of the company's stock.

Barrick Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 29th. Barrick Mining's payout ratio is currently 37.74%.

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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