Barrick Mining (NYSE:B) Hits New 52-Week High – Still a Buy?

Barrick Mining Corporation (NYSE:B) (TSE:ABX)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $49.74 and last traded at $49.3630, with a volume of 1789022 shares. The stock had previously closed at $47.81.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on B. Weiss Ratings restated a “buy (b)” rating on shares of Barrick Mining in a research report on Monday, December 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Barrick Mining in a research note on Wednesday, September 24th. TD Securities lifted their price target on shares of Barrick Mining from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. BMO Capital Markets reiterated a “market perform” rating on shares of Barrick Mining in a research report on Monday, September 22nd. Finally, Citigroup raised Barrick Mining from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barrick Mining has a consensus rating of “Buy” and a consensus price target of $47.17.

Barrick Mining Stock Up 1.2%

The firm has a 50 day moving average price of $41.65 and a 200-day moving average price of $32.40. The firm has a market cap of $83.56 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 0.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.94 and a quick ratio of 2.33.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its quarterly earnings data on Monday, November 10th. The gold and copper producer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Barrick Mining had a return on equity of 9.48% and a net margin of 24.53%.The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company earned $0.09 earnings per share. The company’s revenue was up 23.2% on a year-over-year basis. As a group, equities analysts predict that Barrick Mining Corporation will post 1.47 EPS for the current fiscal year.

Barrick Mining Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Barrick Mining’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 28th. Barrick Mining’s payout ratio is presently 33.82%.

Institutional Trading of Barrick Mining

A number of institutional investors have recently bought and sold shares of the business. Arlington Trust Co LLC acquired a new position in shares of Barrick Mining in the 3rd quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in shares of Barrick Mining during the third quarter worth $28,000. Pin Oak Investment Advisors Inc. bought a new stake in Barrick Mining in the third quarter valued at about $31,000. Provenance Wealth Advisors LLC bought a new stake in Barrick Mining in the third quarter valued at about $32,000. Finally, Investors Research Corp acquired a new position in Barrick Mining in the third quarter valued at about $36,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.