Barrick Mining Corporation (NYSE:B – Get Free Report) (TSE:ABX) shares were down 3.1% during trading on Friday . The company traded as low as $36.50 and last traded at $37.0920. Approximately 28,742,806 shares were traded during trading, an increase of 78% from the average daily volume of 16,141,565 shares. The stock had previously closed at $38.28.
Key Stories Impacting Barrick Mining
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Fool argues Barrick may now be a bargain after the recent sell‑off, highlighting the company’s strong earnings beat and the view that the pullback could present a value entry for long‑term investors. Why Barrick Mining Stock Keeps Going Down
- Positive Sentiment: Analyst pieces comparing Barrick to Agnico Eagle note both miners are converting project activity into cash flow and returning capital to shareholders, supporting a constructive medium‑term outlook if metals remain firm. Barrick Mining vs. Agnico Eagle: Which Gold Miner Has More Glitter?
- Positive Sentiment: Some market coverage shows Barrick participating in broader metals momentum on the NYSE composite, a reminder that sector rallies can quickly lift the stock if commodity prices recover. Barrick Mining (NYSE:B) Rises As Nyse Composite Reflects Global Metals Momentum
- Neutral Sentiment: Valuation analyses note the recent price weakness makes Barrick cheaper on several metrics, but also emphasize the stock’s volatility—useful context for investors weighing entry points versus near‑term risk. Assessing Barrick Mining (TSX:ABX) Valuation After Recent Share Price Weakness
- Neutral Sentiment: Broader market headwinds—rising bond yields and inflation fears—are weighing on stocks generally, which can amplify downside in commodity‑sensitive names like Barrick. Stocks Retreat as Inflation Fears Push Bond Yields Higher
- Negative Sentiment: Mining.com reports Teck holds an undisclosed royalty on Barrick’s Fourmile project that could be worth billions and might complicate or delay Barrick’s plans for a Fourmile IPO—introducing asset‑level uncertainty and potential dilution of expected value. Teck’s undisclosed royalty worth billions on Barrick’s Fourmile could stymie IPO plans
- Negative Sentiment: Coverage indicates a lawsuit against Barrick has been allowed to proceed; combined with recent falls in gold prices, this legal risk and weaker commodity direction are immediate catalysts for selling pressure. Barrick Gold (ABX) Shares Plunge as Lawsuit Gets Green Light and Gold Tumbles
- Negative Sentiment: MarketWatch and other outlets note a slide in precious‑metal prices is dragging mining stocks lower, a direct headwind for Barrick’s near‑term revenue and sentiment. Mining Stocks Decline as Precious Metal Prices Drop
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a report on Monday, December 29th. Raymond James Financial lifted their price target on shares of Barrick Mining from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Canaccord Genuity Group cut their price objective on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. TD Cowen reissued a “buy” rating on shares of Barrick Mining in a research note on Wednesday, November 26th. Finally, DZ Bank upgraded shares of Barrick Mining to a “strong-buy” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Barrick Mining has an average rating of “Moderate Buy” and an average target price of $55.25.
Barrick Mining Stock Down 3.1%
The firm has a market capitalization of $62.14 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 1.23 and a beta of 0.41. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $47.27 and a two-hundred day moving average of $40.51.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last announced its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.85 by $0.19. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.Barrick Mining’s quarterly revenue was up 44.6% compared to the same quarter last year. On average, equities research analysts forecast that Barrick Mining Corporation will post 1.47 EPS for the current year.
Barrick Mining Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.42 per share. This is a boost from Barrick Mining’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.68 dividend on an annualized basis and a yield of 4.5%. Barrick Mining’s dividend payout ratio is currently 57.34%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Consulate Inc. raised its stake 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 acquiring an additional 521 shares during the period. Westside Investment Management Inc. acquired a new position in shares of Barrick Mining during the 4th quarter valued at $25,000. Arlington Trust Co LLC acquired a new position in shares of Barrick Mining during the 3rd quarter valued at $26,000. Intesa Sanpaolo Wealth Management purchased a new stake in Barrick Mining during the 4th quarter worth $26,000. Finally, JPL Wealth Management LLC purchased a new stake in Barrick Mining during the 3rd quarter worth $28,000. 90.82% of the stock is owned by institutional investors and hedge funds.
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.
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