Analysts Set Expectations for Barrick Mining FY2027 Earnings

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Investment analysts at Scotiabank raised their FY2027 earnings per share estimates for shares of Barrick Mining in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the gold and copper producer will post earnings per share of $3.73 for the year, up from their previous estimate of $3.65. Scotiabank has a “Sector Outperform” rating and a $57.00 price objective on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $3.63 per share.

Several other research firms have also recently weighed in on B. Canadian Imperial Bank of Commerce cut their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 21st. Citigroup reissued a “positive” rating on shares of Barrick Mining in a research report on Wednesday. Royal Bank Of Canada cut their target price on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Bank of America reduced their target price on Barrick Mining from $58.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings lowered Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Barrick Mining currently has an average rating of “Moderate Buy” and an average price target of $53.85.

Barrick Mining Stock Performance

Shares of B stock opened at $34.81 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.06 and a quick ratio of 2.44. The firm has a 50-day moving average of $39.79 and a 200-day moving average of $43.07. Barrick Mining has a one year low of $20.52 and a one year high of $54.69. The company has a market cap of $57.91 billion, a P/E ratio of 9.62, a P/E/G ratio of 0.78 and a beta of 0.48.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining’s quarterly revenue was up 66.7% compared to the same quarter last year.

Hedge Funds Weigh In On Barrick Mining

Several large investors have recently modified their holdings of the business. Bogart Wealth LLC raised its position in shares of Barrick Mining by 3.5% in the fourth quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares during the period. Parvin Asset Management LLC boosted its holdings in Barrick Mining by 0.7% in the 4th quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after buying an additional 225 shares during the period. Silver Oak Securities Incorporated boosted its holdings in Barrick Mining by 2.9% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after buying an additional 246 shares during the period. Mmbg Investment Advisors CO. grew its stake in Barrick Mining by 0.6% in the 4th quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock valued at $1,892,000 after buying an additional 254 shares in the last quarter. Finally, S.A. Mason LLC grew its stake in Barrick Mining by 1.3% in the 4th quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock valued at $1,007,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Barrick Mining Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 annualized dividend and a yield of 2.0%. Barrick Mining’s dividend payout ratio is 19.34%.

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.