Barrick Mining (B) Projected to Post Quarterly Earnings on Thursday

Barrick Mining (NYSE:B) (TSE:ABX) is projected to announce its results before the market opens on Thursday, February 5th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $5.1527 billion for the quarter.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, beating 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. On average, analysts expect Barrick Mining to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barrick Mining Stock Performance

NYSE:B opened at $46.30 on Tuesday. The stock has a 50 day simple moving average of $45.50 and a 200 day simple moving average of $35.23. The stock has a market cap of $77.57 billion, a P/E ratio of 22.37, a PEG ratio of 0.40 and a beta of 0.40. Barrick Mining has a 1-year low of $16.33 and a 1-year high of $54.69. The company has a current ratio of 2.94, a quick ratio of 2.33 and a debt-to-equity ratio of 0.14.

Barrick Mining Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research note on Monday, December 29th. Zacks Research lowered shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price target on shares of Barrick Mining in a research report on Sunday, December 7th. Scotiabank boosted their price target on Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, UBS Group restated a “buy” rating and set a $59.00 price objective on shares of Barrick Mining in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $51.33.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in shares of Barrick Mining in the 3rd quarter valued at $28,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Barrick Mining during the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC bought a new stake in shares of Barrick Mining during the 2nd quarter worth $53,000. WealthCollab LLC acquired a new stake in Barrick Mining in the second quarter valued at about $61,000. Finally, Quarry LP bought a new position in Barrick Mining in the third quarter valued at about $77,000. 90.82% of the stock is owned by institutional investors.

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.