Barrick Mining Corporation (NYSE:B) Receives $52.57 Consensus Target Price from Brokerages

Shares of Barrick Mining Corporation (NYSE:BGet Free Report) (TSE:ABX) have received a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $52.5714.

Several brokerages recently issued reports on B. TD reduced their target price on shares of Barrick Mining from $61.00 to $59.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Bank of America lowered their price target on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Scotiabank cut their price target on Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price objective on Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Finally, Citigroup reissued a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th.

Read Our Latest Stock Analysis on B

Barrick Mining Stock Performance

B opened at $45.16 on Monday. Barrick Mining has a 12-month low of $24.19 and a 12-month high of $54.69. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $74.33 billion, a PE ratio of 11.64, a P/E/G ratio of 0.81 and a beta of 0.47. The firm has a 50 day moving average of $38.55 and a two-hundred day moving average of $41.52.

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) last announced its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The business’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, analysts anticipate that Barrick Mining will post 3.52 EPS for the current year.

Barrick Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. Barrick Mining’s dividend payout ratio (DPR) is 18.04%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Barrick Mining during the 4th quarter worth approximately $26,000. Ascentis Independent Advisors acquired a new position in shares of Barrick Mining in the 1st quarter valued at $28,000. JPL Wealth Management LLC acquired a new position in shares of Barrick Mining in the 3rd quarter valued at $28,000. Laurel Wealth Advisors LLC purchased a new stake in Barrick Mining during the fourth quarter worth $30,000. Finally, Motiv8 Investments LLC purchased a new stake in Barrick Mining during the fourth quarter worth $31,000. 90.82% of the stock is owned by institutional investors and hedge funds.

About Barrick Mining

(Get Free Report)

Barrick Gold Corporation, commonly known as Barrick, is a Toronto‑headquartered mining company focused on the exploration, development, production and sale of gold and copper. Listed on major exchanges (including the New York Stock Exchange under the symbol B), Barrick operates as an integrated minerals producer, running large‑scale mining complexes, processing facilities and related support services for extraction and metallurgical treatment of ore.

The company’s activities span the full mining value chain: greenfield exploration, feasibility and permitting, mine construction, ongoing operations, and closure and reclamation.

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Analyst Recommendations for Barrick Mining (NYSE:B)

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