Barrick Mining Q1 EPS Decreased by Raymond James Financial

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities researchers at Raymond James Financial reduced their Q1 2026 EPS estimates for Barrick Mining in a research report issued on Monday, September 22nd. Raymond James Financial analyst B. Macarthur now forecasts that the gold and copper producer will post earnings of $0.52 per share for the quarter, down from their prior forecast of $0.62. Raymond James Financial has a “Outperform” rating and a $36.00 price target on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Raymond James Financial also issued estimates for Barrick Mining’s Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.56 EPS and Q4 2026 earnings at $0.56 EPS.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. TD Securities increased their price target on shares of Barrick Mining from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday. BMO Capital Markets reissued a “market perform” rating on shares of Barrick Mining in a research report on Monday. Finally, CIBC reaffirmed an “outperform” rating on shares of Barrick Mining in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Barrick Mining Stock Up 7.2%

Shares of NYSE B opened at $35.37 on Tuesday. The business has a 50-day moving average price of $25.12 and a 200 day moving average price of $21.54. The stock has a market cap of $60.23 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 0.58 and a beta of 0.27. 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 $35.70.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, August 11th. The gold and copper producer reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Barrick Mining had a return on equity of 8.19% and a net margin of 19.99%.The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year.

Barrick Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. Barrick Mining’s dividend payout ratio is presently 37.74%.

Institutional Trading of Barrick Mining

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC raised its holdings in Barrick Mining by 1,919.0% during the first quarter. Penserra Capital Management LLC now owns 2,968 shares of the gold and copper producer’s stock worth $56,000 after purchasing an additional 2,821 shares in the last quarter. Hedges Asset Management LLC acquired a new position in Barrick Mining during the 2nd quarter worth approximately $1,249,000. Chemistry Wealth Management LLC purchased a new position in shares of Barrick Mining during the 2nd quarter worth approximately $246,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Barrick Mining by 14.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,636 shares of the gold and copper producer’s stock worth $1,141,000 after buying an additional 9,149 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Barrick Mining by 24.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 20,795 shares of the gold and copper producer’s stock valued at $404,000 after buying an additional 4,082 shares during the period. 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.