Q3 EPS Estimates for Barrick Mining Lifted by Analyst

Barrick Mining Corporation (NYSE:B) (TSE:ABX) – Equities research analysts at Raymond James Financial upped their Q3 2025 EPS estimates for shares of Barrick Mining in a note issued to investors on Thursday, October 9th. Raymond James Financial analyst B. Macarthur now forecasts that the gold and copper producer will earn $0.62 per share for the quarter, up from their previous estimate of $0.60. Raymond James Financial has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for Barrick Mining’s current full-year earnings is $1.47 per share. Raymond James Financial also issued estimates for Barrick Mining’s FY2025 earnings at $2.19 EPS.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings results on Monday, August 11th. The gold and copper producer reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Barrick Mining had a net margin of 19.99% and a return on equity of 8.19%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the company earned $0.32 earnings per share. Barrick Mining’s quarterly revenue was up 16.4% on a year-over-year basis.

B has been the subject of a number of other research reports. TD Securities raised their target price on Barrick Mining from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Scotiabank increased their price objective on Barrick Mining from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 13th. CIBC boosted their target price on shares of Barrick Mining from $38.00 to $50.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Cibc World Mkts upgraded shares of Barrick Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Barrick Mining in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.10.

Barrick Mining Stock Performance

Barrick Mining stock opened at $33.34 on Monday. Barrick Mining has a fifty-two week low of $15.11 and a fifty-two week high of $36.10. The stock’s 50 day simple moving average is $29.02 and its two-hundred day simple moving average is $23.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.53 and a current ratio of 3.21. The stock has a market cap of $56.77 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.55 and a beta of 0.30.

Barrick Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Barrick Mining’s dividend payout ratio (DPR) is currently 37.74%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Barrick Mining by 21.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,146 shares of the gold and copper producer’s stock valued at $62,000 after buying an additional 563 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Barrick Mining by 2.5% during the first quarter. Kestra Private Wealth Services LLC now owns 28,724 shares of the gold and copper producer’s stock worth $558,000 after acquiring an additional 710 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in Barrick Mining by 1.5% during the first quarter. Nicholas Hoffman & Company LLC. now owns 47,544 shares of the gold and copper producer’s stock valued at $924,000 after acquiring an additional 716 shares in the last quarter. Hedges Asset Management LLC grew its stake in Barrick Mining by 1.7% during the third quarter. Hedges Asset Management LLC now owns 61,000 shares of the gold and copper producer’s stock valued at $1,999,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Wedbush Securities Inc. increased its holdings in Barrick Mining by 5.9% in the 1st quarter. Wedbush Securities Inc. now owns 18,629 shares of the gold and copper producer’s stock valued at $362,000 after acquiring an additional 1,031 shares during the last quarter. 90.82% of the stock is owned by hedge funds and other institutional investors.

About Barrick Mining

Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.