Barrick Mining Corporation (NYSE:B) Receives $52.46 Average Target Price from Analysts

Barrick Mining Corporation (NYSE:B) (TSE:ABX) has been assigned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $52.4615.

B has been the topic of a number of recent research reports. Royal Bank Of Canada cut their price objective on Barrick Mining from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Scotiabank decreased their target price on Barrick Mining from $63.00 to $57.00 and set a “sector outperform” rating for the company in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce lowered their target price on Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 21st. Citigroup restated a “positive” rating on shares of Barrick Mining in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. reduced their price target on Barrick Mining from $58.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st.

Institutional Trading of Barrick Mining

Several hedge funds have recently added to or reduced their stakes in B. Bogart Wealth LLC boosted its holdings 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 acquiring an additional 218 shares in the last quarter. Parvin Asset Management LLC raised its holdings in Barrick Mining by 0.7% during the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after purchasing an additional 225 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in Barrick Mining by 2.9% during the first quarter. Silver Oak Securities Incorporated now owns 8,810 shares of the gold and copper producer’s stock worth $359,000 after purchasing an additional 246 shares in the last quarter. Mmbg Investment Advisors CO. lifted its position in Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 254 shares during the period. Finally, S.A. Mason LLC lifted its position in Barrick Mining by 1.3% in the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

Barrick Mining Trading Down 0.1%

Shares of B stock opened at $37.12 on Thursday. Barrick Mining has a fifty-two week low of $20.94 and a fifty-two week high of $54.69. The company has a 50 day moving average price of $38.86 and a 200 day moving average price of $42.76. The stock has a market capitalization of $61.74 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results 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 company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. The firm’s revenue for the quarter was up 66.7% on a year-over-year basis. Equities research analysts predict that Barrick Mining will post 3.56 EPS for the current fiscal year.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.9%. Barrick Mining’s payout ratio is currently 19.34%.

Key Headlines Impacting Barrick Mining

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Gold’s strength and expectations for continued central bank buying are keeping Barrick in the spotlight as investors look for miners that can benefit from higher bullion prices. Experts recommend buying gold and silver! Barrick Mining, Newmont, First Majestic Silver, and Desert Gold in focus
• Positive Sentiment: Analysts and commentators continue to highlight Barrick as a potential beneficiary of a gold breakout, with some suggesting the stock could reflect bullion’s strength if prices stay elevated. Can Barrick Mining (NYSE:B) Reflect Gold’s Strength as Bullion Keeps Firm This Week?
• Positive Sentiment: Barrick announced an exploration program with Midland on the Lewis gold project, adding to the company’s growth pipeline and reinforcing its exploration footprint. Midland, in Partnership with Barrick, Commences an Exploration Program for Gold on the Lewis Project
• Positive Sentiment: Barrick also bought a 10% stake in Kingfisher Metals, a move that signals continued interest in securing optionality on prospective mining assets. Barrick Mining Buys 10% Stake in Kingfisher Metals for C$20.9 Million
• Neutral Sentiment: Broader market commentary says investors are rotating into gold and silver miners, but this is more of a sector call than a Barrick-specific catalyst. Gold price above USD 4,000 and central bank rally: Barrick Mining, Lahontan Gold, Newmont—time to buy now?
• Neutral Sentiment: Barrick said it supports local content rules, a policy stance that may help relationships with host governments but is not an immediate earnings driver. Barrick supports local content rules
• Negative Sentiment: A valuation article argues Barrick may be about 15% overvalued on cash flow concerns, suggesting some investors may worry the stock has outpaced fundamentals. Barrick (B) Stock May Be 15% Overvalued On Cash Flow Concerns
• Negative Sentiment: JPMorgan reportedly lowered its price target on Barrick to $50, which can signal more cautious expectations from analysts. JPMorgan Chase & Co. Lowers Barrick Mining (NYSE:B) Price Target to $50.00

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.