Barrick Mining Corporation (NYSE:B) Receives $53.46 Average Target Price from Analysts

Barrick Mining Corporation (NYSE:B) (TSE:ABX) has been given an average recommendation of “Moderate Buy” by the twenty-two brokerages that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $53.4615.

B has been the topic of a number of research reports. UBS Group increased their price target on Barrick Mining from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group reduced their price target on shares of Barrick Mining to $77.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. ATB Cormark Capital Markets lowered Barrick Mining from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings cut shares of Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Barclays assumed coverage on shares of Barrick Mining in a research report on Thursday, May 21st. They set an “equal weight” rating and a $41.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of B. Financial Consulate Inc. grew its holdings in shares of Barrick Mining by 1,042.0% in the 4th quarter. Financial Consulate Inc. now owns 571 shares of the gold and copper producer’s stock worth $25,000 after acquiring an additional 521 shares during the last quarter. Westside Investment Management Inc. purchased a new position in Barrick Mining in the 4th quarter worth about $25,000. Intesa Sanpaolo Wealth Management purchased a new position in Barrick Mining in the 4th quarter worth about $26,000. Ascentis Independent Advisors acquired a new stake in Barrick Mining during the 1st quarter worth about $28,000. Finally, JPL Wealth Management LLC acquired a new stake in Barrick Mining during the 3rd quarter worth about $28,000. Institutional investors own 90.82% of the company’s stock.

Barrick Mining Price Performance

Shares of NYSE B opened at $39.09 on Wednesday. The company has a current ratio of 3.06, a quick ratio of 2.44 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $65.03 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.12 and a beta of 0.44. Barrick Mining has a twelve month low of $19.94 and a twelve month high of $54.69. The business has a 50 day simple moving average of $41.61 and a 200-day simple moving average of $43.85.

Barrick Mining (NYSE:B) (TSE:ABX) last released its quarterly earnings data on Monday, May 11th. The gold and copper producer reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.75 billion. The business’s quarterly revenue was up 66.7% on a year-over-year basis. As a group, equities research analysts expect that Barrick Mining will post 3.78 earnings per share for the current year.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, May 29th. Barrick Mining’s dividend payout ratio (DPR) is presently 19.34%.

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.