Barrick Mining Corporation (NYSE:B) Announces Quarterly Dividend of $0.17

Barrick Mining Corporation (NYSE:B) (TSE:ABX) announced a quarterly dividend on Monday, November 9th. Investors of record on Monday, November 30th will be given a dividend of $0.1750 per share by the gold and copper producer on Tuesday, December 15th. This represents a $0.70 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, November 30th.

Barrick Mining has a dividend payout ratio of 31.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Barrick Mining to earn $4.06 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 17.2%.

Barrick Mining Price Performance

Shares of B traded up $1.81 during mid-day trading on Monday, reaching $42.38. 12,710,860 shares of the company’s stock were exchanged, compared to its average volume of 11,959,248. 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 has a market cap of $69.01 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.26 and a beta of 0.52. Barrick Mining has a 52-week low of $34.03 and a 52-week high of $54.69. The company has a 50-day simple moving average of $41.32 and a two-hundred day simple moving average of $41.98.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Monday, November 9th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. During the same period in the prior year, the firm posted $0.58 earnings per share. Barrick Mining’s revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts predict that Barrick Mining will post 3.49 EPS for the current fiscal year.

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.