Barrick Mining Corporation (NYSE:B – Get Free Report) (TSE:ABX) shot up 8.4% on Wednesday. The company traded as high as $40.26 and last traded at $40.16. Approximately 10,621,211 shares changed hands during trading, a decline of 11% from the average daily volume of 11,954,670 shares. The stock had previously closed at $37.05.
More Barrick Mining News
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Zacks says Barrick’s history of earnings surprises and favorable estimate-related indicators could set the company up to beat expectations again. This is a signal of potential, not a guarantee of a beat. Article: Why Barrick Mining Could Beat Earnings Estimates Again
- Positive Sentiment: Q3 previews point to higher gold prices and production as potential drivers of earnings growth. Gold above $4,000 could also support the sector’s outlook, though company-specific results will depend on costs and execution. Article: Barrick Mining to Post Q3 Earnings: What’s in the Offing for the Stock?
- Positive Sentiment: Barrick’s reported Pen Gold expansion ahead of planned 2027 drilling may add exploration upside, although any potential contribution is longer-term and depends on drilling results. Article: Barrick Mining Stock Adds Pen Gold Expansion Ahead of 2027 Drilling
- Neutral Sentiment: Scotiabank made modestly mixed changes to its estimates: it trimmed 2026 EPS to $3.60 from $3.61, but raised 2027 EPS to $3.84 from $3.79. It maintained an Outperform rating and a $55 price target.
- Negative Sentiment: Higher operating costs could temper the benefit of stronger gold prices and production in Q3. Article: Barrick Mining to Post Q3 Earnings
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Citigroup raised their target price on Barrick Mining from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. TD set a $59.00 price target on Barrick Mining and gave the stock a “buy” rating in a report on Wednesday, September 16th. Freedom Broker cut shares of Barrick Mining from a “buy” rating to a “hold” rating and lowered their price target for the company from $54.00 to $46.00 in a research report on Thursday, October 22nd. Royal Bank Of Canada upped their price objective on shares of Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Finally, Barclays raised their price objective on shares of Barrick Mining from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $52.59.
Check Out Our Latest Analysis on B
Barrick Mining Trading Up 0.4%
The company has a 50 day moving average price of $41.32 and a 200 day moving average price of $41.98. The firm has a market cap of $65.98 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.36 and a current ratio of 3.01.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The company’s quarterly revenue was up 43.8% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. On average, research analysts expect that Barrick Mining Corporation will post 3.49 earnings per share for the current year.
Barrick Mining Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 31st. Barrick Mining’s dividend payout ratio (DPR) is 18.04%.
Institutional Investors Weigh In On Barrick Mining
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. increased its position in shares of Barrick Mining by 7.0% during the third quarter. Moors & Cabot Inc. now owns 40,192 shares of the gold and copper producer’s stock worth $1,635,000 after purchasing an additional 2,640 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Barrick Mining by 6.7% in the 3rd quarter. Allworth Financial LP now owns 18,760 shares of the gold and copper producer’s stock valued at $763,000 after purchasing an additional 1,176 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Barrick Mining in the 3rd quarter valued at about $260,000. Fifth Third Bancorp boosted its position in shares of Barrick Mining by 165.5% in the 3rd quarter. Fifth Third Bancorp now owns 8,078 shares of the gold and copper producer’s stock valued at $329,000 after purchasing an additional 5,035 shares during the period. Finally, Ritholtz Wealth Management boosted its position in shares of Barrick Mining by 9.6% in the 3rd quarter. Ritholtz Wealth Management now owns 78,072 shares of the gold and copper producer’s stock valued at $3,175,000 after purchasing an additional 6,811 shares during the period. 90.82% of the stock is owned by hedge funds and other institutional investors.
Barrick Mining Company Profile
Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.
The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.
See Also
- Five stocks we like better than Barrick Mining
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
Receive News & Ratings for Barrick Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Mining and related companies with MarketBeat.com's FREE daily email newsletter.
