Barrick Mining Corporation (NYSE:B) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) have received an average recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $53.4615.

A number of research analysts recently commented on B shares. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Canadian Imperial Bank of Commerce decreased their price objective on Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Finally, Barclays started coverage on Barrick Mining in a report on Thursday, May 21st. They issued an “equal weight” rating and a $41.00 price objective on the stock.

Barrick Mining Trading Up 2.0%

B opened at $43.15 on Wednesday. Barrick Mining has a one year low of $19.57 and a one year high of $54.69. The stock has a market capitalization of $72.30 billion, a PE ratio of 11.92, a P/E/G ratio of 1.12 and a beta of 0.44. The business’s 50 day moving average price is $41.25 and its 200 day moving average price is $43.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year. As a group, equities research analysts expect that Barrick Mining will post 3.78 EPS for the current year.

Barrick Mining Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.175 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a yield of 1.6%. Barrick Mining’s payout ratio is presently 19.34%.

Institutional Trading of Barrick Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Consulate Inc. raised its position in Barrick Mining by 1,042.0% in the fourth quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after purchasing an additional 521 shares during the period. Westside Investment Management Inc. purchased a new stake in Barrick Mining in the fourth quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Barrick Mining in the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new stake in Barrick Mining in the first quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC purchased a new stake in Barrick Mining in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Barrick Mining

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.