Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) released its earnings results on Monday. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08, Zacks reports. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS.
Here are the key takeaways from Barrick Mining’s conference call:
- Barrick reported strong third-quarter results, including 816,000 ounces of gold production, adjusted earnings of $0.82 per share, $3.5 billion in adjusted EBITDA, and $1.2 billion in free cash flow.
- The company kept 2026 production and cost guidance unchanged and expects gold and copper output to rise in Q4. Management cautioned that this quarter’s production should not be extrapolated into 2027.
- Fuel, consumables, royalties, and currency pressures are weighing on costs; copper costs are expected near the top of the full-year guidance range. Weather disruptions at Veladero and Porgera continued into early Q4.
- Growth plans remain on track, including Lumwana’s $2 billion expansion, which is targeted to deliver first expanded production in Q1 2028. Barrick is also evaluating Nevada Gold Mines infrastructure opportunities and a third flotation train at Pueblo Viejo.
- Barrick returned $3.2 billion to shareholders year to date, including $800 million in Q3 buybacks, and ended the quarter with $900 million in net cash. The planned North American gold assets IPO is targeted for year-end or early 2027, subject to market conditions and regulatory review.
Barrick Mining Trading Down 4.3%
B opened at $40.45 on Tuesday. Barrick Mining has a 12 month low of $34.03 and a 12 month high of $54.69. The stock has a market capitalization of $65.87 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.25 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. The business has a fifty day moving average price of $41.25 and a 200 day moving average price of $41.95.
Barrick Mining Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 30th. Barrick Mining’s payout ratio is presently 18.04%.
Barrick Mining News Summary
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Q3 adjusted earnings were $0.82 per share, ahead of analyst expectations, while revenue rose 22% year over year to $5.07 billion. Higher realized gold prices were a major driver, and gold production increased 6% year over year. Barrick Mining Stocks Rise as Q3 Adjusted Earnings Jump
- Positive Sentiment: Management reaffirmed 2026 production guidance of 2.90–3.25 million ounces of gold and 190,000–220,000 tonnes of copper, with quarterly gold output up from the prior quarter. This supports confidence in delivery against the annual plan. Barrick Q3 Gold Production and Guidance
- Positive Sentiment: Barrick declared a $0.175-per-share quarterly dividend, payable December 15, and recent reports highlight a multi-billion-dollar buyback authorization. Capital returns may bolster investor demand. Barrick Declares Q3 Dividend
- Positive Sentiment: Shares crossed above the 200-day moving average, a potentially constructive technical signal after recent momentum. Stock Crosses Above 200-Day Moving Average
- Neutral Sentiment: Investors are weighing the strong results and cash returns against the stock’s recent run-up and whether its valuation is justified by future cash generation. Valuation Debate After Strong Q3 Results
- Negative Sentiment: Operating costs remain a headwind: all-in sustaining costs rose to $1,911 per ounce, as fuel, consumables and currency pressures offset some productivity gains. A key study for the Fourmile deposit may also face timing uncertainty or delays. Fourmile Study Timing Uncertainty
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Citigroup upped their price objective on Barrick Mining from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Wall Street Zen lowered shares of Barrick Mining from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. TD set a $59.00 target price on Barrick Mining and gave the company a “buy” rating in a report on Wednesday, September 16th. RBC Dominion Securities set a $53.00 target price on shares of Barrick Mining and gave the company an “outperform” rating in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada increased their price target on Barrick Mining from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.59.
View Our Latest Stock Analysis on Barrick Mining
Barrick Mining Company Profile
Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.
The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.
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