Barrick Mining Corporation (B) To Go Ex-Dividend on May 29th

Barrick Mining Corporation (NYSE:B) (TSE:ABX) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.175 per share by the gold and copper producer on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th.

Barrick Mining has decreased its dividend by an average of 0.0%per year over the last three years. Barrick Mining has a payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Barrick Mining to earn $4.30 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 16.3%.

Barrick Mining Stock Up 3.3%

NYSE:B opened at $42.03 on Wednesday. The company has a market cap of $70.42 billion, a PE ratio of 11.61, a P/E/G ratio of 1.10 and a beta of 0.41. Barrick Mining has a twelve month low of $18.58 and a twelve month high of $54.69. 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’s 50 day moving average is $41.18 and its two-hundred day moving average is $43.47.

Barrick Mining (NYSE:B) (TSE:ABX) last released its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.18. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.75 billion. Barrick Mining had a net margin of 32.14% and a return on equity of 14.81%. The company’s quarterly revenue was up 66.7% on a year-over-year basis. Analysts anticipate that Barrick Mining will post 3.7 EPS for the current year.

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.