Barrick Mining Corporation (NYSE:B) Receives $47.17 Consensus PT from Brokerages

Shares of Barrick Mining Corporation (NYSE:B) (TSE:ABX) have been given a consensus rating of “Buy” by the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seventeen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $47.1667.

Several brokerages have issued reports on B. BNP Paribas raised Barrick Mining to a “neutral” rating and set a $50.00 target price for the company in a research note on Friday, December 5th. TD Securities increased their target price on shares of Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Bank of America upgraded shares of Barrick Mining from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $48.00 in a research report on Monday, November 24th. Scotiabank upgraded shares of Barrick Mining from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $27.50 to $43.00 in a research report on Thursday, October 23rd. Finally, Zacks Research upgraded Barrick Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th.

Institutional Inflows and Outflows

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

Barrick Mining Stock Up 0.3%

B opened at $47.40 on Friday. The business’s fifty day simple moving average is $40.67 and its 200 day simple moving average is $31.66. Barrick Mining has a 52 week low of $15.31 and a 52 week high of $47.75. The company has a quick ratio of 2.33, a current ratio of 2.94 and a debt-to-equity ratio of 0.14. The stock has a market cap of $79.81 billion, a PE ratio of 22.90, a P/E/G ratio of 0.40 and a beta of 0.41.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS. As a group, research analysts expect that Barrick Mining will post 1.47 earnings per share for the current fiscal year.

Barrick Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.175 dividend. This is an increase from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.70 dividend on an annualized basis and a yield of 1.5%. Barrick Mining’s payout ratio is presently 33.82%.

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.