Barrick Mining (NYSE:B) Trading 1.1% Higher – Time to Buy?

Barrick Mining Corporation (NYSE:B) (TSE:ABX)’s share price was up 1.1% during trading on Friday . The stock traded as high as $44.23 and last traded at $44.03. Approximately 10,596,850 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 10,775,655 shares. The stock had previously closed at $43.55.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on B. Jefferies Financial Group reissued a “buy” rating and set a $55.00 target price on shares of Barrick Mining in a research report on Sunday, December 7th. BNP Paribas Exane raised shares of Barrick Mining from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Friday, December 5th. Raymond James Financial upped their target price on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. National Bankshares raised Barrick Mining to an “outperform” rating in a research report on Monday, September 22nd. Finally, National Bank Financial upgraded Barrick Mining from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Barrick Mining has an average rating of “Buy” and an average price target of $47.17.

Barrick Mining Trading Up 1.1%

The stock has a market cap of $74.13 billion, a PE ratio of 21.27, a PEG ratio of 0.44 and a beta of 0.40. The company’s fifty day moving average is $39.25 and its 200-day moving average is $30.79. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. On average, analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.6%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s dividend payout ratio is 33.82%.

Institutional Investors Weigh In On Barrick Mining

Several hedge funds have recently bought and sold shares of the stock. Arlington Trust Co LLC purchased a new position in shares of Barrick Mining during the 3rd quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new stake in Barrick Mining during the third quarter worth $28,000. Pin Oak Investment Advisors Inc. acquired a new stake in Barrick Mining during the third quarter valued at $31,000. Provenance Wealth Advisors LLC acquired a new stake in Barrick Mining during the third quarter valued at $32,000. Finally, Investors Research Corp purchased a new position in Barrick Mining in the third quarter valued at $36,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.