Barrick Mining (NYSE:B - Get Free Report) TSE: ABX's stock had its "buy (b-)" rating restated by stock analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.
Other equities analysts have also recently issued reports about the stock. Scotiabank lifted their price target on shares of Barrick Mining from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 13th. Canaccord Genuity Group lifted their price target on shares of Barrick Mining from $39.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Wall Street Zen raised shares of Barrick Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Royal Bank Of Canada boosted their price objective on shares of Barrick Mining from $34.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. Finally, CIBC boosted their price objective on shares of Barrick Mining from $38.00 to $50.00 and gave the company an "outperformer" rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Barrick Mining presently has an average rating of "Moderate Buy" and a consensus target price of $38.10.
View Our Latest Analysis on B
Barrick Mining Price Performance
NYSE B traded up $0.09 on Tuesday, reaching $33.51. The company had a trading volume of 5,171,276 shares, compared to its average volume of 20,195,977. The firm's 50 day moving average price is $28.81 and its 200 day moving average price is $23.08. Barrick Mining has a 12 month low of $15.11 and a 12 month high of $36.10. The company has a quick ratio of 2.53, a current ratio of 3.21 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $57.06 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 0.53 and a beta of 0.30.
Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last posted its earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the firm posted $0.32 EPS. The business's quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities analysts predict that Barrick Mining will post 1.47 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its stake in Barrick Mining by 71.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 552,800 shares of the gold and copper producer's stock valued at $18,115,000 after purchasing an additional 229,530 shares in the last quarter. Northwest Wealth Management LLC acquired a new position in Barrick Mining during the 3rd quarter valued at approximately $271,000. Westmount Partners LLC acquired a new stake in shares of Barrick Mining in the third quarter worth $214,000. Red Door Wealth Management LLC increased its stake in shares of Barrick Mining by 50.6% in the third quarter. Red Door Wealth Management LLC now owns 109,785 shares of the gold and copper producer's stock worth $3,598,000 after acquiring an additional 36,868 shares during the period. Finally, Lionshead Wealth Management LLC acquired a new stake in shares of Barrick Mining in the third quarter worth $209,000. Institutional investors and hedge funds own 90.82% of the company's stock.
About Barrick Mining
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Barrick Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barrick Mining wasn't on the list.
While Barrick Mining currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
