Barrick Mining (NYSE:B) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Barrick Mining (NYSE:B) (TSE:ABX) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce set a $57.00 target price on shares of Barrick Mining in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Barrick Mining in a research note on Friday, August 7th. Bank of America cut their price objective on Barrick Mining from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank Of Canada reduced their price objective on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Finally, Citigroup reiterated a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.57.

Barrick Mining Stock Up 1.8%

Shares of NYSE:B opened at $41.64 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.44. The firm has a market capitalization of $68.54 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.81 and a beta of 0.47. The firm’s 50-day moving average is $38.27 and its two-hundred day moving average is $41.78. Barrick Mining has a 1 year low of $23.43 and a 1 year high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 43.8% on a year-over-year basis. Analysts predict that Barrick Mining will post 3.51 EPS for the current year.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Barrick Mining’s payout ratio is 18.04%.

Hedge Funds Weigh In On Barrick Mining

Several large investors have recently bought and sold shares of the business. Bogart Wealth LLC increased its holdings in shares of Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after acquiring an additional 218 shares during the last quarter. Parvin Asset Management LLC lifted its stake in Barrick Mining by 0.7% during the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after purchasing an additional 225 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in Barrick Mining by 2.9% in the first quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock valued at $359,000 after purchasing an additional 246 shares in the last quarter. Mmbg Investment Advisors CO. boosted its holdings in Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after purchasing an additional 254 shares in the last quarter. Finally, S.A. Mason LLC increased its stake in Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: Gold’s proximity to record highs is improving the outlook for Barrick’s gold production revenue, cash flow and margins. The company also produces copper, providing additional commodity exposure. Barrick Mining in Focus as Gold Stays Near Record Highs
• Positive Sentiment: JPMorgan raised its Barrick price target from $50 to $52 and maintained an “overweight” rating, implying substantial upside from the referenced share price. The target increase signals continued confidence in the company’s valuation and operating outlook.
• Positive Sentiment: Newmont consented to Barrick’s planned North American IPO as part of an agreement resolving disputes related to Nevada Gold Mines. Removing this disclosed transaction hurdle reduces a major execution risk and may help advance the IPO plans. Newmont Removed a Major IPO Risk
• Neutral Sentiment: Despite clearing the IPO obstacle, Barrick shares previously fell more than 6%, indicating that investors may have been focused on valuation, execution uncertainty or profit-taking rather than treating the Newmont agreement as an immediate catalyst. Barrick Mining Cleared Its IPO Hurdle
• Neutral Sentiment: TD lowered its price target to $59, contrasting with JPMorgan’s increase, suggesting analysts remain positive overall but differ on Barrick’s near-term valuation.
• Negative Sentiment: Philippine regulators will review a proposed Marinduque-related settlement amid concerns about rehabilitation obligations. Further scrutiny could create legal, environmental or financial uncertainty for Barrick. DENR to Weigh In on Marinduque-Barrick Settlement

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.