FY2025 EPS Estimates for Barrick Mining Lifted by Scotiabank

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Scotiabank upped their FY2025 EPS estimates for Barrick Mining in a note issued to investors on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the gold and copper producer will post earnings of $2.25 per share for the year, up from their previous estimate of $2.18. Scotiabank has a “Outperform” rating and a $63.00 price objective on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share.

Several other brokerages have also commented on B. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Royal Bank Of Canada raised their price target on shares of Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Wall Street Zen downgraded shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Citigroup raised Barrick Mining from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $51.33.

Barrick Mining Price Performance

Shares of NYSE B opened at $47.55 on Monday. Barrick Mining has a fifty-two week low of $16.46 and a fifty-two week high of $54.69. The company has a market cap of $79.66 billion, a PE ratio of 22.97, a P/E/G ratio of 0.38 and a beta of 0.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.33 and a current ratio of 2.94. The business has a 50-day simple moving average of $45.67 and a two-hundred day simple moving average of $35.42.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the firm earned $0.09 EPS. The business’s quarterly revenue was up 23.2% on a year-over-year basis.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, November 28th. This is an increase 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 1.5%. Barrick Mining’s payout ratio is presently 33.82%.

Institutional Trading of Barrick Mining

A number of institutional investors have recently bought and sold shares of the business. Financial Consulate Inc. raised its position in shares of Barrick Mining by 1,042.0% during the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after acquiring an additional 521 shares in the last quarter. Westside Investment Management Inc. purchased a new position in Barrick Mining in the fourth quarter valued at approximately $25,000. Concord Wealth Partners acquired a new stake in Barrick Mining during the second quarter worth approximately $26,000. Arlington Trust Co LLC purchased a new stake in shares of Barrick Mining during the 3rd quarter worth approximately $26,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Barrick Mining in the 2nd quarter valued at $27,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Barrick Mining Company Profile

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.