Scotiabank Increases Earnings Estimates for Barrick Mining

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Scotiabank boosted their FY2027 EPS estimates for shares of Barrick Mining in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the gold and copper producer will post earnings per share of $3.79 for the year, up from their previous estimate of $3.73. Scotiabank currently has a “Outperform” rating and a $55.00 target price on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $3.52 per share.

A number of other research analysts have also recently commented on the company. Canadian Imperial Bank of Commerce set a $57.00 target price on Barrick Mining in a research note on Wednesday, August 12th. Bank of America decreased their price target on Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. TD dropped their price objective on Barrick Mining from $61.00 to $59.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Barclays upped their price objective on Barrick Mining from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Finally, Citigroup reiterated a “positive” rating on shares of Barrick Mining in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.57.

Barrick Mining Stock Up 2.7%

Shares of NYSE B opened at $46.34 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.01 and a quick ratio of 2.36. The company has a market cap of $76.27 billion, a P/E ratio of 11.94, a PEG ratio of 0.87 and a beta of 0.47. Barrick Mining has a 1 year low of $24.89 and a 1 year high of $54.69. The firm has a 50-day simple moving average of $38.70 and a two-hundred day simple moving average of $41.53.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s revenue was up 43.8% compared to the same quarter last year.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 31st. Barrick Mining’s dividend payout ratio (DPR) is presently 18.04%.

Institutional Investors Weigh In On Barrick Mining

A number of institutional investors and hedge funds have recently bought and sold shares of B. Intesa Sanpaolo Wealth Management bought a new position in shares of Barrick Mining during the 4th quarter worth $26,000. Ascentis Independent Advisors purchased a new stake in Barrick Mining in the first quarter worth about $28,000. JPL Wealth Management LLC purchased a new stake in Barrick Mining in the third quarter worth about $28,000. Laurel Wealth Advisors LLC bought a new position in Barrick Mining during the 4th quarter worth about $30,000. Finally, Motiv8 Investments LLC purchased a new position in Barrick Mining during the 4th quarter valued at about $31,000. 90.82% of the stock is owned by institutional investors.

About Barrick Mining

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.