Barrick Mining Corporation (B) To Go Ex-Dividend on November 30th

Barrick Mining Corporation (NYSE:B) (TSE:ABX) announced a quarterly dividend on Monday, November 9th. Investors of record on Monday, November 30th will be given a dividend of $0.1750 per share by the gold and copper producer on Tuesday, December 15th. This represents a $0.70 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, November 30th.

Barrick Mining has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Barrick Mining to earn $4.06 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 17.2%.

Barrick Mining Stock Down 6.0%

NYSE:B opened at $39.75 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.73 and a quick ratio of 2.36. Barrick Mining has a 1-year low of $34.03 and a 1-year high of $54.69. The company has a 50-day moving average of $41.15 and a 200 day moving average of $41.90. The firm has a market cap of $64.73 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52.

Barrick Mining (NYSE:B) (TSE:ABX) last posted its earnings results on Monday, November 9th. The gold and copper producer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Barrick Mining had a net margin of 30.32% and a return on equity of 16.65%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, research analysts anticipate that Barrick Mining will post 3.49 EPS for the current fiscal year.

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.