Barrick Mining Corporation (B) To Go Ex-Dividend on August 31st

Barrick Mining Corporation (NYSE:B) (TSE:ABX) announced a quarterly dividend on Monday, August 10th. Investors of record on Monday, August 31st will be given a dividend of 0.175 per share by the gold and copper producer on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 31st.

Barrick Mining has decreased its dividend payment by an average of 0.0%per year over the last three years. Barrick Mining has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Barrick Mining to earn $4.07 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 17.2%.

Barrick Mining Price Performance

NYSE:B opened at $45.75 on Friday. The stock has a 50 day moving average of $39.46 and a two-hundred day moving average of $41.62. Barrick Mining has a 12 month low of $26.16 and a 12 month high of $54.69. The firm has a market cap of $75.30 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 0.91 and a beta of 0.47. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%.The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 43.8% compared to the same quarter last year. On average, analysts expect that Barrick Mining will post 3.56 earnings per share for the current fiscal year.

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.