FY2027 EPS Forecast for Barrick Mining Increased 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 lifted their FY2027 earnings per share (EPS) estimates for shares of Barrick Mining in a research note issued to investors on Monday, August 11th. National Bank Financial analyst S. Nagle now expects that the gold and copper producer will post earnings per share of $2.38 for the year, up from their prior estimate 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 posted its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) 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 business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period last year, the company earned $0.32 EPS. The firm's revenue was up 16.4% on a year-over-year basis.

B has been the topic of several other research reports. Royal Bank Of Canada set a $26.00 price target on Barrick Mining and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Cibc World Mkts raised Barrick Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. BMO Capital Markets assumed coverage on Barrick Mining in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. Wall Street Zen downgraded Barrick Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, CIBC raised Barrick Mining from a "neutral" rating to an "outperform" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.77.

Barrick Mining Trading Down 1.2%

Shares of NYSE:B traded down $0.30 during midday trading on Thursday, hitting $23.57. The company had a trading volume of 2,508,475 shares, compared to its average volume of 19,599,652. The stock has a market cap of $40.20 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.36 and a beta of 0.27. Barrick Mining has a 12 month low of $15.11 and a 12 month high of $24.15. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $21.37 and a 200 day simple moving average of $19.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of B. Vanguard Group Inc. acquired a new stake in Barrick Mining in the second quarter valued at $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new stake in Barrick Mining in the second quarter valued at $1,091,122,000. First Eagle Investment Management LLC acquired a new stake in Barrick Mining during the 2nd quarter worth about $822,056,000. Capital International Investors grew its holdings in Barrick Mining by 136.1% during the 4th quarter. Capital International Investors now owns 33,293,792 shares of the gold and copper producer's stock worth $516,055,000 after acquiring an additional 19,189,830 shares during the period. Finally, TD Asset Management Inc acquired a new stake in Barrick Mining during the 2nd quarter worth about $386,328,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

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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