Stifel Canada Reduces Earnings Estimates for Barrick Mining

Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX - Analysts at Stifel Canada lowered their Q2 2025 earnings estimates for shares of Barrick Mining in a report released on Monday, July 21st. Stifel Canada analyst R. Profiti now forecasts that the gold and copper producer will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.50. 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 FY2025 earnings at $1.98 EPS.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.15 billion. Barrick Mining had a net margin of 17.46% and a return on equity of 7.51%. The business's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada set a $26.00 target price on shares of Barrick Mining and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Raymond James Financial upped their target price on shares of Barrick Mining from $23.00 to $23.50 and gave the stock an "outperform" rating in a research report on Monday, March 31st. National Bankshares restated an "outperform" rating on shares of Barrick Mining in a research report on Wednesday, April 2nd. CIBC increased their price objective on shares of Barrick Mining from $24.00 to $28.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, UBS Group increased their price objective on shares of Barrick Mining from $22.00 to $25.00 and gave the company a "buy" rating in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy 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 price target of $24.41.

Barrick Mining Stock Up 1.1%

B stock traded up $0.24 during trading on Wednesday, reaching $21.78. The stock had a trading volume of 13,246,734 shares, compared to its average volume of 9,392,584. Barrick Mining has a 1-year low of $15.11 and a 1-year high of $21.95. The company has a current ratio of 2.87, a quick ratio of 2.16 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $37.15 billion, a P/E ratio of 16.37, a PEG ratio of 0.33 and a beta of 0.28. The firm has a fifty day moving average price of $20.54 and a 200 day moving average price of $18.96.

Barrick Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.84%. Barrick Mining's dividend payout ratio is 30.08%.

Hedge Funds Weigh In On Barrick Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in B. Vermillion Wealth Management Inc. bought a new position in Barrick Mining during the 2nd quarter valued at about $25,000. Crowley Wealth Management Inc. bought a new position in Barrick Mining during the 2nd quarter valued at about $26,000. Concord Wealth Partners bought a new position in Barrick Mining during the 2nd quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in Barrick Mining during the 2nd quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC bought a new position in Barrick Mining during the 2nd quarter valued at about $27,000. 90.82% of the stock is owned by 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.