Barrick Mining Corporation (NYSE:B) Stock Has Average Price Target of $52.59

Shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) have been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $52.59.

A number of research firms recently weighed in on B. TD set a $59.00 target price on shares of Barrick Mining and gave the company a “buy” rating in a research note on Wednesday, September 16th. Royal Bank Of Canada increased their target price on shares of Barrick Mining from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Sanford C. Bernstein lowered their price target on shares of Barrick Mining from $61.00 to $56.50 and set an “outperform” rating for the company in a report on Wednesday, September 9th. Canadian Imperial Bank of Commerce cut Barrick Mining from a “sector outperform” rating to a “neutral” rating and decreased their target price for the stock from $57.00 to $49.00 in a report on Friday, October 16th. Finally, RBC Dominion Securities set a $53.00 price target on shares of Barrick Mining and gave the stock an “outperform” rating in a research note on Thursday, October 22nd.

Barrick Mining Trading Up 0.4%

Shares of NYSE:B opened at $40.51 on Friday. The company has a market cap of $65.98 billion, a PE ratio of 11.10, a P/E/G ratio of 1.18 and a beta of 0.52. Barrick Mining has a fifty-two week low of $32.17 and a fifty-two week high of $54.69. The company has a quick ratio of 2.36, a current ratio of 3.01 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $41.32 and its 200 day moving average price is $41.98.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings results on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.10 billion. Barrick Mining had a net margin of 31.60% and a return on equity of 16.02%. The company’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. Sell-side analysts anticipate that Barrick Mining will post 3.49 earnings per share for the current year.

Barrick Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 31st. Barrick Mining’s dividend payout ratio is presently 18.04%.

Trending Headlines about Barrick Mining

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

Institutional Trading of Barrick Mining

Several institutional investors and hedge funds have recently made changes to their positions in the company. Silver Grove Financial Group Inc. raised its position in Barrick Mining by 42.7% in the third quarter. Silver Grove Financial Group Inc. now owns 893 shares of the gold and copper producer’s stock valued at $36,000 after purchasing an additional 267 shares during the period. Brookstone Capital Management raised its stake in shares of Barrick Mining by 4.9% in the 3rd quarter. Brookstone Capital Management now owns 6,658 shares of the gold and copper producer’s stock worth $271,000 after buying an additional 313 shares in the last quarter. Eagle Bay Advisors LLC lifted its position in shares of Barrick Mining by 7.5% in the first quarter. Eagle Bay Advisors LLC now owns 5,052 shares of the gold and copper producer’s stock worth $206,000 after purchasing an additional 352 shares in the last quarter. CoreCap Advisors LLC boosted its position in Barrick Mining by 13.6% during the third quarter. CoreCap Advisors LLC now owns 3,019 shares of the gold and copper producer’s stock worth $123,000 after purchasing an additional 361 shares during the period. Finally, AlphaCentric Advisors LLC increased its position in shares of Barrick Mining by 8.0% during the third quarter. AlphaCentric Advisors LLC now owns 5,345 shares of the gold and copper producer’s stock valued at $217,000 after purchasing an additional 397 shares during the period. 90.82% of the stock is currently owned by institutional investors.

About Barrick Mining

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.