Barrick Mining (NYSE:B) Shares Up 5.7% – Should You Buy?

Shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) were up 5.7% during mid-day trading on Friday . The company traded as high as $48.17 and last traded at $47.9890. Approximately 16,943,810 shares were traded during trading, a decline of 1% from the average daily volume of 17,117,352 shares. The stock had previously closed at $45.38.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on B shares. UBS Group set a $55.00 price objective on Barrick Mining in a research note on Friday, February 6th. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a report on Friday, December 5th. ATB Cormark Capital Markets upgraded shares of Barrick Mining to a “moderate buy” rating in a research report on Monday. Raymond James Financial increased their target price on Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, Royal Bank Of Canada raised their target price on shares of Barrick Mining from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.58.

Barrick Mining Stock Performance

The business’s fifty day moving average is $46.36 and its two-hundred day moving average is $36.42. The stock has a market capitalization of $80.40 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.38 and a beta of 0.40. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. As a group, research analysts anticipate that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.42 dividend. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, February 27th. Barrick Mining’s dividend payout ratio (DPR) is 23.89%.

Institutional Investors Weigh In On Barrick Mining

Several institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. bought a new position in shares of Barrick Mining during the 4th quarter valued at approximately $25,000. Financial Consulate Inc. boosted its stake in Barrick Mining by 1,042.0% during the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after buying an additional 521 shares during the period. Intesa Sanpaolo Wealth Management bought a new position in Barrick Mining during the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new position in Barrick Mining during the fourth quarter valued at $30,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Barrick Mining in the fourth quarter valued at $35,000. 90.82% of the stock is owned by 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.