Barrick Mining (NYSE:B) Reaches New 12-Month High – Time to Buy?

Barrick Mining Corporation (NYSE:B) (TSE:ABX) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $50.81 and last traded at $50.6640, with a volume of 258450 shares traded. The stock had previously closed at $50.01.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank upgraded shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $27.50 to $43.00 in a report on Thursday, October 23rd. TD Cowen restated a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. DZ Bank upgraded Barrick Mining to a “strong-buy” rating in a report on Monday. Finally, Citigroup raised shares of Barrick Mining from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $46.91.

Barrick Mining Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. The business’s 50-day moving average price is $43.70 and its two-hundred day moving average price is $33.62. The firm has a market cap of $82.49 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 0.41 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Barrick Mining had a net margin of 24.53% and a return on equity of 9.48%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s payout ratio is 33.82%.

Institutional Trading of Barrick Mining

Institutional investors have recently added to or reduced their stakes in the business. Financial Consulate Inc. boosted its holdings in shares of Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock valued at $25,000 after buying an additional 521 shares during the period. Lodestone Wealth Management LLC bought a new position in Barrick Mining in the fourth quarter worth about $35,000. Nisa Investment Advisors LLC acquired a new position in Barrick Mining in the fourth quarter valued at approximately $35,000. Arlington Trust Co LLC bought a new position in shares of Barrick Mining during the third quarter valued at approximately $26,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Barrick Mining during the 3rd quarter worth approximately $28,000. 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.