Stifel Canada Expects Increased Earnings for Barrick Mining

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities researchers at Stifel Canada raised their FY2025 earnings per share (EPS) estimates for Barrick Mining in a research report issued to clients and investors on Monday, November 10th. Stifel Canada analyst R. Profiti now anticipates that the gold and copper producer will post earnings of $2.19 per share for the year, up from their prior forecast of $2.15. 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 FY2027 earnings at $3.79 EPS.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year.

B has been the subject of several other research reports. Cibc World Mkts raised shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 12th. Royal Bank Of Canada increased their target price on Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Barrick Mining in a report on Wednesday, September 24th. Canaccord Genuity Group upped their price target on Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen downgraded Barrick Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.90.

Barrick Mining Trading Up 2.8%

NYSE B opened at $35.78 on Wednesday. The company has a market cap of $60.38 billion, a P/E ratio of 22.50, a P/E/G ratio of 0.40 and a beta of 0.28. Barrick Mining has a 12 month low of $15.11 and a 12 month high of $36.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.21 and a quick ratio of 2.53. The company has a 50-day moving average of $32.28 and a 200-day moving average of $25.13.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.175 per share. This is a boost from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 28th. Barrick Mining’s payout ratio is presently 37.74%.

Institutional Investors Weigh In On Barrick Mining

Several hedge funds have recently modified their holdings of the stock. Vermillion Wealth Management Inc. acquired a new stake in Barrick Mining in the second quarter valued at approximately $25,000. Crowley Wealth Management Inc. purchased a new position in shares of Barrick Mining in the second quarter valued at $26,000. Concord Wealth Partners acquired a new stake in Barrick Mining during the 2nd quarter valued at $26,000. Arlington Trust Co LLC purchased a new stake in Barrick Mining during the 3rd quarter worth $26,000. Finally, Ameriflex Group Inc. acquired a new position in Barrick Mining in the 2nd quarter worth $27,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Mining Company Profile

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.