FY2027 EPS Forecast for Barrick Mining Boosted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Research analysts at Scotiabank upped their FY2027 earnings per share estimates for Barrick Mining in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the gold and copper producer will post earnings per share of $3.84 for the year, up from their previous forecast of $3.79. Scotiabank currently has an “Outperform” rating and a $55.00 target price on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $3.49 per share.

A number of other equities research analysts have also recently commented on the stock. Barclays raised their target price on shares of Barrick Mining from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Bank of America dropped their price target on shares of Barrick Mining from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Canadian Imperial Bank of Commerce cut shares of Barrick Mining from a “sector outperform” rating to a “neutral” rating and reduced their price objective for the stock from $57.00 to $49.00 in a research note on Friday, October 16th. Freedom Broker cut shares of Barrick Mining from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $54.00 to $46.00 in a research note on Thursday, October 22nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.59.

Barrick Mining Trading Up 8.4%

Barrick Mining stock opened at $40.16 on Thursday. The firm has a 50 day moving average of $41.59 and a 200 day moving average of $42.07. The firm has a market capitalization of $65.41 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.15 and a beta of 0.52. Barrick Mining has a 12-month low of $32.10 and a 12-month high of $54.69. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its quarterly earnings data on Monday, August 10th. The gold and copper producer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The business’s quarterly revenue was up 43.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS.

Barrick Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.1750 dividend. The ex-dividend date of this dividend was 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 18.04%.

Institutional Trading of Barrick Mining

Several institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in Barrick Mining by 10.9% in the 1st quarter. Royal Bank of Canada now owns 39,598,520 shares of the gold and copper producer’s stock worth $1,615,225,000 after purchasing an additional 3,881,841 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Barrick Mining by 1.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 14,992,792 shares of the gold and copper producer’s stock valued at $612,067,000 after buying an additional 175,342 shares in the last quarter. Ninety One UK Ltd grew its holdings in Barrick Mining by 13.1% during the 3rd quarter. Ninety One UK Ltd now owns 14,143,606 shares of the gold and copper producer’s stock valued at $575,220,000 after buying an additional 1,640,224 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Barrick Mining by 4.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,400,867 shares of the gold and copper producer’s stock valued at $296,300,000 after buying an additional 313,297 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Barrick Mining by 25.9% during the 1st quarter. Swiss National Bank now owns 5,680,129 shares of the gold and copper producer’s stock valued at $231,788,000 after buying an additional 1,167,000 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.