Barrick Mining’s (B) Hold Rating Reiterated at Freedom Broker

Barrick Mining (NYSE:B) (TSE:ABX)‘s stock had its “hold” rating reaffirmed by analysts at Freedom Broker in a research note issued on Thursday, Benzinga reports. They presently have a $46.00 price target on the gold and copper producer’s stock, down from their prior price target of $54.00. Freedom Broker‘s price objective points to a potential upside of 19.03% from the company’s current price.

B has been the topic of several other reports. Sanford C. Bernstein decreased their price target on shares of Barrick Mining from $61.00 to $56.50 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. UBS Group dropped their price objective on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Canadian Imperial Bank of Commerce downgraded shares of Barrick Mining from a “sector outperform” rating to a “neutral” rating and cut their price objective for the company from $57.00 to $49.00 in a report on Friday, October 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 report on Wednesday, September 16th. Finally, Scotiabank lowered their target price on shares of Barrick Mining from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.59.

Barrick Mining Stock Performance

Shares of B stock traded down $2.11 during trading on Thursday, reaching $38.65. 8,618,204 shares of the company’s stock were exchanged, compared to its average volume of 12,135,841. Barrick Mining has a twelve month low of $30.98 and a twelve month high of $54.69. The firm’s fifty day moving average price is $42.86 and its 200-day moving average price is $40.94. 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 stock has a market capitalization of $63.18 billion, a PE ratio of 9.96, a PEG ratio of 1.26 and a beta of 0.48.

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

Institutional Trading of Barrick Mining

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Barrick Mining by 335.8% in the first quarter. Renaissance Technologies LLC now owns 5,476,478 shares of the gold and copper producer’s stock valued at $223,386,000 after acquiring an additional 4,219,700 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Barrick Mining by 10.9% in the first quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock worth $1,615,225,000 after acquiring an additional 3,881,841 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $117,374,000. Ninety One UK Ltd boosted its stake in shares of Barrick Mining by 13.1% in the 3rd quarter. Ninety One UK Ltd now owns 14,143,606 shares of the gold and copper producer’s stock valued at $575,220,000 after purchasing an additional 1,640,224 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Barrick Mining by 46.9% in the 1st quarter. Lazard Asset Management LLC now owns 3,837,842 shares of the gold and copper producer’s stock valued at $156,833,000 after purchasing an additional 1,224,980 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Barrick Mining

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

• Positive Sentiment: JPMorgan raised its price target for Barrick from $52 to $55 and maintained an Overweight rating, implying substantial potential upside from recent trading levels. JPMorgan price-target article
• Positive Sentiment: Potential longer-term catalysts include higher dividends, share repurchases and production expansion. Barrick’s valuation has also attracted bullish attention after its shares declined more than 6% year to date. Barrick catalysts article
• Neutral Sentiment: Analyst opinion remains divided: one target was upgraded, while other firms have recently reduced their targets, including TD Securities and CIBC. This suggests investors are weighing Barrick’s attractive valuation against execution and commodity-price risks. Barrick analyst scorecard
• Negative Sentiment: Freedom Broker’s downgrade was part of a broader retreat in gold-mining stocks. The firm cited trimmed EBITDA forecasts, lingering operational risks and valuation constraints, pressuring Barrick alongside Agnico Eagle and Newmont. Gold-miner downgrade article
• Negative Sentiment: Investors are also monitoring cash-flow quality ahead of Barrick’s third-quarter results. Second-quarter net earnings rose 50% year over year on stronger gold and copper prices, but attributable free cash flow fell to $141 million from $212 million, raising questions about how effectively profits are converting into cash. Barrick earnings and cash-flow article

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.