Barrick Mining FY2025 EPS Forecast Boosted by Stifel Canada

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities research analysts at Stifel Canada raised their FY2025 earnings estimates for Barrick Mining in a research report issued on Monday, November 10th. Stifel Canada analyst R. Profiti now forecasts that the gold and copper producer will post earnings of $2.19 per share for the year, up from their prior estimate of $2.15. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Stifel Canada also issued estimates for Barrick Mining’s FY2027 earnings at $3.79 EPS.

A number of other research firms also recently commented on B. Raymond James Financial set a $40.00 price objective on shares of Barrick Mining and gave the stock an “outperform” rating in a report on Friday, October 10th. National Bankshares raised shares of Barrick Mining to an “outperform” rating in a report on Monday, September 22nd. BMO Capital Markets reaffirmed a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Scotiabank raised Barrick Mining from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $27.50 to $43.00 in a report on Thursday, October 23rd. Finally, UBS Group boosted their price objective on Barrick Mining from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.90.

Barrick Mining Price Performance

Shares of NYSE B opened at $35.78 on Wednesday. The company has a current ratio of 3.21, a quick ratio of 2.53 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $60.38 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 0.40 and a beta of 0.28. Barrick Mining has a twelve month low of $15.11 and a twelve month high of $36.40. The business has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $25.13.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.20 billion. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS.

Hedge Funds Weigh In On Barrick Mining

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in shares of Barrick Mining during the 2nd quarter worth about $1,459,633,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Barrick Mining during the second quarter valued at approximately $1,091,122,000. First Eagle Investment Management LLC bought a new stake in Barrick Mining during the second quarter worth approximately $822,056,000. TD Asset Management Inc bought a new stake in Barrick Mining during the second quarter worth approximately $386,328,000. Finally, Ninety One UK Ltd acquired a new stake in Barrick Mining in the second quarter worth approximately $326,862,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a dividend of $0.175 per share. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 28th. Barrick Mining’s dividend payout ratio (DPR) is presently 37.74%.

Barrick Mining Company Profile

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.