Barrick Mining (NYSE:B) Upgraded to “Moderate Buy” at Atb Cormark Cm

Atb Cormark Cm upgraded shares of Barrick Mining (NYSE:B) (TSE:ABX) to a moderate buy rating in a research report released on Monday,Zacks.com reports.

Several other analysts have also issued reports on B. Raymond James Financial boosted their target price on Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Cormark raised Barrick Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded Barrick Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research downgraded shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Scotiabank increased their target price on shares of Barrick Mining from $43.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.58.

Barrick Mining Stock Up 3.3%

B opened at $46.66 on Monday. Barrick Mining has a twelve month low of $17.00 and a twelve month high of $54.69. The company’s 50-day moving average price is $46.01 and its two-hundred day moving average price is $36.10. The stock has a market cap of $78.17 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 0.38 and a beta of 0.40. The company has a quick ratio of 2.33, a current ratio of 2.92 and a debt-to-equity ratio of 0.13.

Barrick Mining (NYSE:B) (TSE:ABX) last issued its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.19. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a net margin of 29.45% and a return on equity of 12.10%. The company’s revenue was up 44.6% on a year-over-year basis. As a group, equities analysts expect that Barrick Mining will post 1.47 earnings per share for the current year.

Barrick Mining Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.18. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. Barrick Mining’s payout ratio is currently 23.89%.

Hedge Funds Weigh In On Barrick Mining

Several hedge funds have recently bought and sold shares of B. Financial Consulate Inc. boosted its holdings in 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 valued at $25,000 after purchasing an additional 521 shares during the period. Westside Investment Management Inc. purchased a new stake in shares of Barrick Mining in the fourth quarter worth $25,000. Concord Wealth Partners bought a new stake in Barrick Mining during the second quarter valued at $26,000. Arlington Trust Co LLC bought a new stake in Barrick Mining during the third quarter valued at $26,000. Finally, JPL Wealth Management LLC purchased a new position in Barrick Mining during the third quarter worth about $28,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Key Barrick Mining News

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

• Positive Sentiment: Barrick unveiled an IPO plan that recasts its North American gold assets and changes leadership to prepare a spin/exchange — a move investors often view as value‑unlocking and strategic simplification ahead of a public listing. Read More.
• Positive Sentiment: The company named new board members, strengthening governance and signaling readiness for the corporate changes tied to the IPO — a governance plus for longer‑term holders and institutional buyers. Read More.
• Positive Sentiment: Barrick reported a sizable EPS beat (roughly 29% above expectations) and strong revenue, reaffirming cash flow and profitability that support dividends/ buybacks and make the company more attractive into a restructuring or IPO. Read More.
• Positive Sentiment: Analyst/style pieces highlight Barrick as a long‑term value play (Zacks), which can attract value investors given low leverage, healthy margins and a relatively low P/E versus peers. Read More.
• Neutral Sentiment: Analyst coverage is mixed — UBS cut its target while CIBC turned more bullish — creating short‑term volatility as investors weigh differing views on post‑IPO upside and operational risk. Read More.
• Negative Sentiment: Newmont (a key partner/peer) is pressing Barrick to fix Nevada operational issues before the IPO; operational underperformance in Nevada could delay or reduce IPO proceeds and raises execution risk. This is the primary near‑term negative catalyst. Read More.
• Negative Sentiment: Market commentary warns gold miners may be due for a pullback; sector rotation or weaker gold prices could pressure Barrick despite company‑specific positives. Read More.

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.