Barrick Mining (B) to Release Quarterly Earnings on Thursday

Barrick Mining (NYSE:B) (TSE:ABX) is expected to be posting its results before the market opens on Thursday, February 5th. Analysts expect Barrick Mining to post earnings of $0.89 per share and revenue of $5.1527 billion for the quarter.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, analysts expect Barrick Mining to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Mining Trading Up 2.4%

NYSE B opened at $47.55 on Wednesday. The stock has a market capitalization of $79.66 billion, a P/E ratio of 22.97, a P/E/G ratio of 0.38 and a beta of 0.40. The business has a 50 day simple moving average of $45.67 and a 200 day simple moving average of $35.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33. Barrick Mining has a one year low of $16.46 and a one year high of $54.69.

Barrick Mining Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, November 28th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. Barrick Mining’s dividend payout ratio is presently 33.82%.

Institutional Investors Weigh In On Barrick Mining

A number of institutional investors have recently added to or reduced their stakes in B. Ameriprise Financial Inc. bought a new position in Barrick Mining during the second quarter valued at $211,263,000. Canada Pension Plan Investment Board purchased a new stake in shares of Barrick Mining during the 2nd quarter valued at about $172,230,000. Orbis Allan Gray Ltd bought a new position in shares of Barrick Mining in the 2nd quarter valued at about $131,221,000. Man Group plc bought a new position in shares of Barrick Mining in the 2nd quarter valued at about $125,476,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Barrick Mining by 423.9% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,880,827 shares of the gold and copper producer’s stock worth $160,274,000 after acquiring an additional 3,949,239 shares in the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Barrick Mining in a research note on Thursday, January 29th. They set an “overweight” rating and a $68.00 price target for the company. Citigroup upgraded shares of Barrick Mining from a “hold” rating to a “buy” rating in a report on Monday, November 24th. UBS Group reissued a “buy” rating and set a $59.00 target price on shares of Barrick Mining in a research report on Friday. BNP Paribas Exane raised shares of Barrick Mining to a “neutral” rating and set a $50.00 price target on the stock in a research report on Friday, December 5th. Finally, Zacks Research lowered Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Barrick Mining currently has a consensus rating of “Buy” and an average target price of $51.33.

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.