FY2025 EPS Estimates for Barrick Mining Boosted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Stock analysts at Stifel Canada upped their FY2025 earnings per share estimates for shares of Barrick Mining in a report issued on Monday, October 20th. Stifel Canada analyst R. Profiti now expects that the gold and copper producer will earn $2.15 per share for the year, up from their previous forecast of $2.07. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.60 billion. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS.

Several other equities research analysts also recently weighed in on the company. Scotiabank increased their price target on Barrick Mining from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada increased their price target on Barrick Mining from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. National Bank Financial raised Barrick Mining from a “sector perform” rating to an “outperform” rating in a research report on Monday, September 22nd. TD Securities increased their price target on Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barrick Mining in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Barrick Mining Price Performance

Shares of B opened at $31.50 on Wednesday. The business’s 50-day moving average is $30.11 and its two-hundred day moving average is $23.66. The company has a market capitalization of $53.64 billion, a P/E ratio of 19.81, a P/E/G ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. Barrick Mining has a fifty-two week low of $15.11 and a fifty-two week high of $36.40.

Institutional Investors Weigh In On Barrick Mining

Hedge funds have recently modified their holdings of the company. Ascent Group LLC lifted its stake in Barrick Mining by 2.9% in the 3rd quarter. Ascent Group LLC now owns 14,514 shares of the gold and copper producer’s stock valued at $476,000 after buying an additional 404 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in Barrick Mining by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer’s stock valued at $558,000 after buying an additional 710 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Barrick Mining by 1.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer’s stock valued at $924,000 after buying an additional 716 shares in the last quarter. Hedges Asset Management LLC lifted its stake in Barrick Mining by 1.7% in the 3rd quarter. Hedges Asset Management LLC now owns 61,000 shares of the gold and copper producer’s stock valued at $1,999,000 after buying an additional 1,000 shares in the last quarter. Finally, Fruth Investment Management lifted its stake in Barrick Mining by 5.3% in the 3rd quarter. Fruth Investment Management now owns 19,800 shares of the gold and copper producer’s stock valued at $648,000 after buying an additional 1,000 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Barrick Mining’s dividend payout ratio is presently 37.74%.

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.