Barrick Mining (NYSE:B) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Barrick Mining (NYSE:B) (TSE:ABX) released its quarterly earnings data on Monday. The gold and copper producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08, Zacks reports. The company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $5.10 billion. Barrick Mining had a return on equity of 16.65% and a net margin of 30.32%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share.

Here are the key takeaways from Barrick Mining’s conference call:

• Barrick reported strong third-quarter results, including 816,000 ounces of gold production, adjusted earnings of $0.82 per share, $3.5 billion in adjusted EBITDA, and $1.2 billion in free cash flow.
• The company kept 2026 production and cost guidance unchanged and expects gold and copper output to rise in Q4. Management cautioned that this quarter’s production should not be extrapolated into 2027.
• Fuel, consumables, royalties, and currency pressures are weighing on costs; copper costs are expected near the top of the full-year guidance range. Weather disruptions at Veladero and Porgera continued into early Q4.
• Growth plans remain on track, including Lumwana’s $2 billion expansion, which is targeted to deliver first expanded production in Q1 2028. Barrick is also evaluating Nevada Gold Mines infrastructure opportunities and a third flotation train at Pueblo Viejo.
• Barrick returned $3.2 billion to shareholders year to date, including $800 million in Q3 buybacks, and ended the quarter with $900 million in net cash. The planned North American gold assets IPO is targeted for year-end or early 2027, subject to market conditions and regulatory review.

Barrick Mining Stock Performance

Shares of Barrick Mining stock traded down $0.31 during trading hours on Wednesday, reaching $39.38. The company’s stock had a trading volume of 649,520 shares, compared to its average volume of 11,894,262. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.73. The company’s 50 day simple moving average is $41.15 and its 200 day simple moving average is $41.90. Barrick Mining has a one year low of $34.03 and a one year high of $54.69. The stock has a market cap of $64.14 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52.

Barrick Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, November 30th. Barrick Mining’s dividend payout ratio (DPR) is presently 18.04%.

More Barrick Mining News

Investors following B have been watching these news items:

• Positive Sentiment: Third-quarter adjusted EPS rose 41% to $0.82, beating estimates, while revenue increased 22% to $5.07 billion. Barrick reaffirmed its 2026 gold and copper production guidance, supporting the case for continued operating momentum. Barrick lifts adjusted earnings
• Positive Sentiment: Barrick filed to take American Barrick Gold, which will hold its North American gold assets, public. The proposed IPO could help surface the value of those assets, although the reported estimate of roughly $6 billion is not a finalized valuation. Barrick files for IPO of North American gold assets
• Negative Sentiment: Cost inflation is tempering the earnings beat: gold all-in sustaining costs reached $1,911 per ounce and copper costs $4.52 per pound. Lower grades, royalties, fuel expenses and labor costs are pressuring margins; weaker gold prices have also weighed on sentiment. Rising costs overshadow profit growth

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD set a $59.00 target price on Barrick Mining and gave the company a “buy” rating in a research note on Wednesday, September 16th. JPMorgan Chase & Co. reduced their price target on Barrick Mining from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Tuesday. RBC Dominion Securities set a $53.00 price objective on shares of Barrick Mining and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada lifted their price objective on shares of Barrick Mining from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, Weiss Ratings raised shares of Barrick Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.47.

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.