Barrick Mining Corporation (NYSE:B – Get Free Report) (TSE:ABX) shares dropped 5.5% during trading on Wednesday . The stock traded as low as $40.12 and last traded at $40.4350. Approximately 17,493,690 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 15,684,371 shares. The stock had previously closed at $42.80.
Key Barrick Mining News
Here are the key news stories impacting Barrick Mining this week:
- Positive Sentiment: Fool argues Barrick may now be a bargain after the recent sell‑off, highlighting the company’s strong earnings beat and the view that the pullback could present a value entry for long‑term investors. Why Barrick Mining Stock Keeps Going Down
- Positive Sentiment: Analyst pieces comparing Barrick to Agnico Eagle note both miners are converting project activity into cash flow and returning capital to shareholders, supporting a constructive medium‑term outlook if metals remain firm. Barrick Mining vs. Agnico Eagle: Which Gold Miner Has More Glitter?
- Positive Sentiment: Some market coverage shows Barrick participating in broader metals momentum on the NYSE composite, a reminder that sector rallies can quickly lift the stock if commodity prices recover. Barrick Mining (NYSE:B) Rises As Nyse Composite Reflects Global Metals Momentum
- Neutral Sentiment: Valuation analyses note the recent price weakness makes Barrick cheaper on several metrics, but also emphasize the stock’s volatility—useful context for investors weighing entry points versus near‑term risk. Assessing Barrick Mining (TSX:ABX) Valuation After Recent Share Price Weakness
- Neutral Sentiment: Broader market headwinds—rising bond yields and inflation fears—are weighing on stocks generally, which can amplify downside in commodity‑sensitive names like Barrick. Stocks Retreat as Inflation Fears Push Bond Yields Higher
- Negative Sentiment: Mining.com reports Teck holds an undisclosed royalty on Barrick’s Fourmile project that could be worth billions and might complicate or delay Barrick’s plans for a Fourmile IPO—introducing asset‑level uncertainty and potential dilution of expected value. Teck’s undisclosed royalty worth billions on Barrick’s Fourmile could stymie IPO plans
- Negative Sentiment: Coverage indicates a lawsuit against Barrick has been allowed to proceed; combined with recent falls in gold prices, this legal risk and weaker commodity direction are immediate catalysts for selling pressure. Barrick Gold (ABX) Shares Plunge as Lawsuit Gets Green Light and Gold Tumbles
- Negative Sentiment: MarketWatch and other outlets note a slide in precious‑metal prices is dragging mining stocks lower, a direct headwind for Barrick’s near‑term revenue and sentiment. Mining Stocks Decline as Precious Metal Prices Drop
Analyst Upgrades and Downgrades
B has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Barrick Mining in a research report on Thursday, January 29th. They set an “overweight” rating and a $68.00 price objective on the stock. Scotiabank increased their price target on shares of Barrick Mining from $43.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Raymond James Financial raised their price target on shares of Barrick Mining from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 25th. TD Cowen reaffirmed a “buy” rating on shares of Barrick Mining in a research report on Wednesday, November 26th. Finally, Zacks Research cut shares of Barrick Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.
Barrick Mining Stock Down 3.1%
The company has a 50-day moving average of $47.49 and a 200-day moving average of $40.34. The company has a current ratio of 2.92, a quick ratio of 2.33 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $62.14 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.34 and a beta of 0.41.
Barrick Mining (NYSE:B – Get Free Report) (TSE:ABX) last issued its quarterly earnings results on Thursday, February 5th. The gold and copper producer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.15 billion. Barrick Mining had a return on equity of 12.10% and a net margin of 29.45%.The business’s revenue was up 44.6% compared to the same quarter last year. On average, equities analysts predict that Barrick Mining Corporation will post 1.47 earnings per share for the current fiscal year.
Barrick Mining Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a $0.42 dividend. This is an increase 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 4.5%. The ex-dividend date of this dividend was Friday, February 27th. Barrick Mining’s dividend payout ratio is 57.34%.
Institutional Investors Weigh In On Barrick Mining
A number of large investors have recently made changes to their positions in the stock. Bogart Wealth LLC grew its stake in Barrick Mining by 3.5% during the 4th quarter. Bogart Wealth LLC now owns 6,442 shares of the gold and copper producer’s stock valued at $281,000 after purchasing an additional 218 shares during the last quarter. Parvin Asset Management LLC raised its stake in shares of Barrick Mining by 0.7% in the fourth quarter. Parvin Asset Management LLC now owns 33,385 shares of the gold and copper producer’s stock worth $1,454,000 after purchasing an additional 225 shares during the last quarter. Mmbg Investment Advisors CO. raised its stake in shares of Barrick Mining by 0.6% in the fourth quarter. Mmbg Investment Advisors CO. now owns 43,454 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 254 shares during the last quarter. S.A. Mason LLC lifted its holdings in shares of Barrick Mining by 1.3% during the fourth quarter. S.A. Mason LLC now owns 23,114 shares of the gold and copper producer’s stock worth $1,007,000 after purchasing an additional 300 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Barrick Mining by 1.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,212 shares of the gold and copper producer’s stock valued at $1,359,000 after buying an additional 302 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, 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.
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