Barrick Mining Corporation (NYSE:B) Declares $0.18 Quarterly Dividend

Barrick Mining Corporation (NYSE:B) (TSE:ABX) announced a quarterly dividend on Monday, May 11th. Investors of record on Friday, May 29th will be given a dividend of 0.175 per share by the gold and copper producer on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, May 29th.

Barrick Mining has decreased its dividend by an average of 0.0%per year over the last three years. Barrick Mining has a payout ratio of 74.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Barrick Mining to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 40.0%.

Barrick Mining Trading Up 9.2%

Shares of B stock traded up $3.99 on Monday, hitting $47.12. The stock had a trading volume of 23,668,603 shares, compared to its average volume of 14,754,825. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.92 and a quick ratio of 2.33. The firm has a market capitalization of $78.95 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.29 and a beta of 0.41. Barrick Mining has a 1 year low of $17.41 and a 1 year high of $54.69. The company’s 50 day moving average price is $42.36 and its 200-day moving average price is $42.56.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The company’s revenue was up 66.7% on a year-over-year basis. Analysts anticipate that Barrick Mining will post 3.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on B. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. ATB Cormark Capital Markets downgraded Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a report on Monday, January 19th. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Friday, March 27th. Finally, Citigroup upped their price target on Barrick Mining from $38.00 to $48.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.17.

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.