FY2027 EPS Estimates for Barrick Mining Lifted by Analyst

Key Points

• National Bank Financial has revised Barrick Mining's FY2027 earnings per share (EPS) forecast to $2.38, up from a previous estimate of $1.97.
• In its latest quarterly earnings report, Barrick Mining achieved an EPS of $0.47, aligning with the consensus estimate, and reported a 16.4% increase in revenue year-over-year.
• Currently, the stock carries a consensus rating of "Moderate Buy" with an average price target of $24.77, reflecting positive outlooks from various analysts.

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Stock analysts at National Bank Financial increased their FY2027 earnings per share estimates for shares of Barrick Mining in a report released on Monday, August 11th. National Bank Financial analyst S. Nagle now anticipates that the gold and copper producer will earn $2.38 per share for the year, up from their previous forecast of $1.97. The consensus estimate for Barrick Mining's current full-year earnings is $1.47 per share.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its earnings results 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. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the firm posted $0.32 EPS. The business's revenue was up 16.4% compared to the same quarter last year.

B has been the topic of several other reports. CIBC raised Barrick Mining from a "neutral" rating to an "outperform" rating in a research report on Tuesday, August 12th. Scotiabank upped their price target on Barrick Mining from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Cibc World Mkts upgraded Barrick Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Barrick Mining presently has a consensus rating of "Moderate Buy" and an average target price of $24.77.

Barrick Mining Stock Down 1.0%

B stock traded down $0.2350 during mid-day trading on Thursday, hitting $24.0250. The stock had a trading volume of 10,222,780 shares, compared to its average volume of 19,485,371. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. Barrick Mining has a 1-year low of $15.11 and a 1-year high of $24.48. The company has a fifty day moving average of $21.60 and a 200 day moving average of $19.76. The stock has a market capitalization of $40.99 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 0.37 and a beta of 0.27.

Institutional Trading of Barrick Mining

A number of hedge funds and other institutional investors have recently modified their holdings of B. Vermillion Wealth Management Inc. acquired a new stake in shares of Barrick Mining in the second quarter valued at about $25,000. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Mining during the second quarter worth approximately $26,000. Concord Wealth Partners bought a new stake in shares of Barrick Mining during the second quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Barrick Mining in the second quarter valued at approximately $27,000. Finally, Trifecta Capital Advisors LLC bought a new stake in shares of Barrick Mining in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.82% of the company's stock.

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.