Bank of America Has Lowered Expectations for Barrick Mining (NYSE:B) Stock Price

Barrick Mining (NYSE:B) (TSE:ABX) had its price target dropped by research analysts at Bank of America from $58.00 to $56.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the gold and copper producer’s stock. Bank of America‘s price target would indicate a potential upside of 57.05% from the stock’s previous close.

Several other equities research analysts have also issued reports on B. Canadian Imperial Bank of Commerce lowered their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. UBS Group reduced their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. ATB Cormark Capital Markets cut Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays started coverage on Barrick Mining in a report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 target price on the stock. Finally, Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.77.

Barrick Mining Price Performance

Shares of B opened at $35.66 on Thursday. The stock has a market capitalization of $59.31 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.05 and a beta of 0.48. Barrick Mining has a twelve month low of $20.52 and a twelve month high of $54.69. The company has a 50 day moving average of $40.24 and a 200-day moving average of $43.46. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13.

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

Institutional Inflows and Outflows

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

Key Barrick Mining News

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

• Positive Sentiment: Some coverage argues Barrick remains attractive after recent weakness, with analysts and commentators questioning whether the stock is still a bargain given its cash generation and low valuation. Is Barrick Mining (TSX:ABX) Fully Priced, Or Still A Bargain?
• Positive Sentiment: Articles highlighting Barrick’s IPO plans and cash-flow-linked dividend suggest management is trying to unlock value and reward shareholders, which can support the investment case. Barrick Mining (TSX:ABX) Introduces Cash Flow Linked Dividend And Plans Asset IPO
• Positive Sentiment: Gold-focused commentary remains constructive, with one piece asking whether now is the time to buy Barrick alongside other precious-metals names as the gold outlook turns more favorable. Gold expert turns bullish! Is now the time to buy Barrick Mining, Desert Gold, and First Majestic Silver?
• Neutral Sentiment: Barrick is also being discussed in broader sector articles about Mali and risk premia, but these are more about industry positioning than a clear company-specific catalyst. Immediate cash flow: Desert Gold is making the big leap and Barrick Mining and B2Gold continue to bet on Mali
• Negative Sentiment: Gold price weakness is the main near-term drag, with reports saying Barrick shares slipped as softer bullion prices pressured the broader precious-metals group. Barrick Mining (TSX:ABX) Following Gold Weakness Is The Bull Case Still Cheap
• Negative Sentiment: Another note specifically said Barrick weakened in pre-market trading as gold prices continued to decline, reinforcing that the stock is being traded as a gold proxy today. Barrick Mining Shares Weaken as Gold Prices Extend Decline (B)

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.