TD Cuts Barrick Mining (NYSE:B) Price Target to $59.00

Barrick Mining (NYSE:B) (TSE:ABX) had its price objective decreased by TD from $61.00 to $59.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. TD currently has a buy rating on the gold and copper producer’s stock.

B has been the subject of a number of other research reports. UBS Group dropped their target price on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Canadian Imperial Bank of Commerce decreased their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 21st. Bank of America lowered their price target on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup restated a “positive” rating on shares of Barrick Mining in a research report on Wednesday, July 15th. Finally, Barclays dropped their price objective on shares of Barrick Mining from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.43.

Barrick Mining Stock Down 0.6%

Shares of B opened at $41.00 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.44 and a current ratio of 3.06. Barrick Mining has a one year low of $23.43 and a one year high of $54.69. The stock has a market capitalization of $67.47 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.80 and a beta of 0.47. The stock has a 50 day moving average price of $38.23 and a 200 day moving average price of $41.78.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $5.10 billion. Barrick Mining had a return on equity of 16.17% and a net margin of 31.60%.The firm’s revenue was up 43.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Equities research analysts forecast that Barrick Mining will post 3.51 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.7%. Barrick Mining’s dividend payout ratio is currently 18.04%.

Institutional Investors Weigh In On Barrick Mining

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Holdings LLC purchased a new position in Barrick Mining during the second quarter worth about $46,000. Ninepoint Partners LP purchased a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $17,032,000. Trust Co. of Vermont purchased a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $118,000. Bank of New York Mellon Corp purchased a new stake in shares of Barrick Mining in the 2nd quarter valued at approximately $117,374,000. Finally, Butensky & Cohen Financial Security Inc. increased its holdings in shares of Barrick Mining by 2.1% during the 2nd quarter. Butensky & Cohen Financial Security Inc. now owns 139,673 shares of the gold and copper producer’s stock worth $5,135,000 after buying an additional 2,815 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

More Barrick Mining News

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

• Positive Sentiment: Barrick’s second-quarter earnings rose 74% year over year and exceeded expectations, supported by higher gold prices. Management also lowered its 2026 capital-spending guidance, which could improve free-cash-flow prospects. Barrick Mining’s Q2 Earnings & Sales Top Estimates on Higher Prices
• Positive Sentiment: Analysts remain constructive despite reducing their targets: Scotiabank cut its target to $55 from $57 while retaining a “sector outperform” rating, implying substantial potential upside from the reported trading level. Scotiabank price-target update
• Positive Sentiment: Recent commentary characterizes the pullback as a potential buying opportunity rather than evidence of deteriorating fundamentals, citing Barrick’s exposure to elevated gold prices and its long-term growth potential. My Take on Barrick Mining’s Pullback
• Neutral Sentiment: Newmont’s action to remove a major initial-public-offering risk may reduce uncertainty surrounding Barrick’s planned asset-separation or restructuring strategy, although the longer-term value creation remains dependent on execution. Barrick Mining: Newmont Just Removed A Major IPO Risk
• Negative Sentiment: Major shareholders are reportedly pushing back against Barrick’s breakup plans, raising the risk of delays, weaker investor support, or changes to the proposed structure. Barrick’s breakup faces fierce pushback from major shareholders
• Negative Sentiment: TD lowered its Barrick price target to $59, adding to recent target reductions and signaling more cautious expectations despite continued analyst support. TD Lowers Barrick Mining Price Target
• Negative Sentiment: Investors are also digesting a nearly $2 billion Newmont-related transaction and concerns that the earnings report, while strong on profit, did not fully satisfy expectations on sales or execution. A $2 Million Reason Why Barrick Mining Stock Is Down

About Barrick Mining

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.