Wall Street Zen Downgrades Barrick Mining (NYSE:B) to Hold

Barrick Mining (NYSE:B) (TSE:ABX) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on the company. Citigroup reaffirmed a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on Barrick Mining from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank dropped their price objective on Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday. Barclays increased their price objective on Barrick Mining from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, TD cut their target price on Barrick Mining from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.57.

Barrick Mining Stock Performance

NYSE B opened at $41.64 on Friday. The firm has a market cap of $68.54 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.81 and a beta of 0.47. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $38.27 and its 200-day moving average is $41.72. Barrick Mining has a 12-month low of $23.43 and a 12-month high of $54.69.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the firm earned $0.47 EPS. Barrick Mining’s revenue for the quarter was up 43.8% on a year-over-year basis. Sell-side analysts predict that Barrick Mining will post 3.51 earnings per share for the current year.

Institutional Investors Weigh In On Barrick Mining

Institutional investors and hedge funds have recently made changes to their positions in the business. Bogart Wealth LLC raised its holdings in Barrick Mining by 3.5% in the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock worth $281,000 after acquiring an additional 218 shares during the last quarter. Parvin Asset Management LLC boosted its stake in Barrick Mining by 0.7% during the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock valued at $1,454,000 after purchasing an additional 225 shares during the last quarter. Silver Oak Securities Incorporated increased 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 purchasing an additional 246 shares in the last quarter. Mmbg Investment Advisors CO. increased its holdings in shares of Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 254 shares in the last quarter. Finally, S.A. Mason LLC increased its holdings in shares of Barrick Mining by 1.3% in the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining News Roundup

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Gold’s proximity to record highs is improving the outlook for Barrick’s gold production revenue, cash flow and margins. The company also produces copper, providing additional commodity exposure. Barrick Mining in Focus as Gold Stays Near Record Highs
• Positive Sentiment: JPMorgan raised its Barrick price target from $50 to $52 and maintained an “overweight” rating, implying substantial upside from the referenced share price. The target increase signals continued confidence in the company’s valuation and operating outlook.
• Positive Sentiment: Newmont consented to Barrick’s planned North American IPO as part of an agreement resolving disputes related to Nevada Gold Mines. Removing this disclosed transaction hurdle reduces a major execution risk and may help advance the IPO plans. Newmont Removed a Major IPO Risk
• Neutral Sentiment: Despite clearing the IPO obstacle, Barrick shares previously fell more than 6%, indicating that investors may have been focused on valuation, execution uncertainty or profit-taking rather than treating the Newmont agreement as an immediate catalyst. Barrick Mining Cleared Its IPO Hurdle
• Neutral Sentiment: TD lowered its price target to $59, contrasting with JPMorgan’s increase, suggesting analysts remain positive overall but differ on Barrick’s near-term valuation.
• Negative Sentiment: Philippine regulators will review a proposed Marinduque-related settlement amid concerns about rehabilitation obligations. Further scrutiny could create legal, environmental or financial uncertainty for Barrick. DENR to Weigh In on Marinduque-Barrick Settlement

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.