Barrick Mining Corporation (NYSE:B) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) have earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $54.8333.

Several equities analysts have commented on the stock. DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. Scotiabank increased their price objective on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barrick Mining in a research report on Friday, March 27th. Citigroup increased their price objective on shares of Barrick Mining from $38.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective for the company.

Barrick Mining Price Performance

B stock opened at $42.94 on Tuesday. Barrick Mining has a 52 week low of $17.41 and a 52 week high of $54.69. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $44.05 and a two-hundred day simple moving average of $42.06. The firm has a market capitalization of $71.94 billion, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.62 and a beta of 0.50.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. Analysts anticipate that Barrick Mining will post 3.61 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.9%. This is an increase from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 27th. Barrick Mining’s dividend payout ratio (DPR) is 57.34%.

Institutional Investors Weigh In On Barrick Mining

Several institutional investors have recently made changes to their positions in the company. Silver Oak Securities Incorporated lifted its holdings in shares of Barrick Mining by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after acquiring an additional 246 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Barrick Mining by 56.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 47,435 shares of the gold and copper producer’s stock worth $1,935,000 after acquiring an additional 17,128 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Barrick Mining by 62.1% in the 1st quarter. Ritholtz Wealth Management now owns 61,092 shares of the gold and copper producer’s stock worth $2,492,000 after acquiring an additional 23,394 shares during the last quarter. Nautilus Advisors LLC lifted its holdings in shares of Barrick Mining by 20.7% in the 1st quarter. Nautilus Advisors LLC now owns 9,910 shares of the gold and copper producer’s stock worth $404,000 after acquiring an additional 1,699 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co lifted its holdings in shares of Barrick Mining by 19.3% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 638,302 shares of the gold and copper producer’s stock worth $26,030,000 after acquiring an additional 103,381 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

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.