Barrick Mining (NYSE:B) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Barrick Mining (NYSE:BGet Free Report) (TSE:ABX) announced its quarterly earnings data on Thursday. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19, Briefing.com reports. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The company’s quarterly revenue was up 44.6% compared to the same quarter last year.

Barrick Mining Price Performance

Shares of NYSE:B opened at $43.80 on Friday. The company’s fifty day moving average is $45.85 and its two-hundred day moving average is $35.56. The company has a market cap of $73.37 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 0.39 and a beta of 0.40. Barrick Mining has a 12-month low of $16.92 and a 12-month high of $54.69. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14.

Barrick Mining Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. Barrick Mining’s dividend payout ratio is presently 33.82%.

Institutional Investors Weigh In On Barrick Mining

Several hedge funds have recently bought and sold shares of B. JPL Wealth Management LLC acquired a new position in shares of Barrick Mining in the 3rd quarter valued at about $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Barrick Mining in the third quarter valued at about $31,000. Quarry LP bought a new position in Barrick Mining in the 3rd quarter worth approximately $77,000. EverSource Wealth Advisors LLC acquired a new position in shares of Barrick Mining during the second quarter worth approximately $53,000. Finally, WealthCollab LLC bought a new stake in shares of Barrick Mining in the second quarter valued at approximately $61,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on B shares. Raymond James Financial raised their target price on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Zacks Research cut Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. started coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Finally, DZ Bank raised shares of Barrick Mining to a “strong-buy” rating in a research note on Monday, January 19th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Barrick Mining has an average rating of “Buy” and a consensus price target of $53.08.

Get Our Latest Research Report on B

Barrick Mining News Roundup

Here are the key news stories impacting Barrick Mining this week:

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.

See Also

Earnings History for Barrick Mining (NYSE:B)

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