Brokers Set Expectations for Barrick Mining FY2025 Earnings

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Analysts at Cormark boosted their FY2025 earnings estimates for shares of Barrick Mining in a research report issued on Tuesday, November 25th. Cormark analyst R. Gray now anticipates that the gold and copper producer will post earnings per share of $2.38 for the year, up from their prior estimate of $2.35. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Cormark also issued estimates for Barrick Mining’s Q4 2025 earnings at $1.00 EPS.

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

Other equities analysts have also issued reports about the stock. CIBC boosted their price target on shares of Barrick Mining from $38.00 to $50.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Canaccord Genuity Group boosted their target price on Barrick Mining from $39.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. BMO Capital Markets restated a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. TD Securities increased their price target on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price objective on Barrick Mining from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $44.78.

Barrick Mining Price Performance

Barrick Mining stock opened at $39.12 on Wednesday. The company has a fifty day simple moving average of $34.03 and a 200-day simple moving average of $26.44. The firm has a market capitalization of $66.01 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 0.40 and a beta of 0.28. The company has a quick ratio of 2.53, a current ratio of 3.21 and a debt-to-equity ratio of 0.14. Barrick Mining has a 52-week low of $15.11 and a 52-week high of $39.96.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, November 28th. Barrick Mining’s dividend payout ratio (DPR) is 33.82%.

Institutional Investors Weigh In On Barrick Mining

Several institutional investors and hedge funds have recently modified their holdings of the company. Vermillion Wealth Management Inc. purchased a new position in Barrick Mining during the 2nd quarter valued at about $25,000. Crowley Wealth Management Inc. purchased a new position in shares of Barrick Mining in the second quarter valued at approximately $26,000. Concord Wealth Partners purchased a new stake in Barrick Mining during the 2nd quarter worth approximately $26,000. Arlington Trust Co LLC acquired a new stake in Barrick Mining during the 3rd quarter worth approximately $26,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Barrick Mining in the second quarter worth $27,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Barrick Mining

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.