Barrick Mining (B) Expected to Release Earnings on Monday

Barrick Mining (NYSE:B) (TSE:ABX) is expected to announce its results before the market opens on Monday, August 10th. Analysts expect the company to post earnings of $0.81 per share and revenue of $5.1016 billion for the quarter.

Barrick Mining (NYSE:B) (TSE:ABX) last announced its earnings results on Monday, May 11th. The gold and copper producer reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. Barrick Mining had a return on equity of 14.81% and a net margin of 32.14%.The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.75 billion. Barrick Mining’s revenue for the quarter was up 66.7% compared to the same quarter last year. On average, analysts expect Barrick Mining to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Barrick Mining Trading Up 0.5%

Shares of NYSE B traded up $0.17 during mid-day trading on Monday, hitting $36.90. 540,026 shares of the company traded hands, compared to its average volume of 13,152,177. The company has a quick ratio of 2.44, a current ratio of 3.06 and a debt-to-equity ratio of 0.13. Barrick Mining has a 1 year low of $21.60 and a 1 year high of $54.69. The stock has a market capitalization of $60.74 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.78 and a beta of 0.47. The business has a 50 day moving average of $38.49 and a two-hundred day moving average of $42.35.

Barrick Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 29th. Barrick Mining’s payout ratio is presently 19.34%.

Hedge Funds Weigh In On Barrick Mining

Several large investors have recently added to or reduced their stakes in B. Intesa Sanpaolo Wealth Management acquired a new position in Barrick Mining in the fourth quarter worth about $26,000. HM Payson & Co. boosted its holdings in Barrick Mining by 736.0% in the fourth quarter. HM Payson & Co. now owns 836 shares of the gold and copper producer’s stock valued at $36,000 after acquiring an additional 736 shares during the last quarter. JPL Wealth Management LLC acquired a new position in Barrick Mining in the third quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Barrick Mining during the 3rd quarter valued at $31,000. Finally, Peterson Wealth Services acquired a new position in shares of Barrick Mining in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on B shares. Wall Street Zen lowered shares of Barrick Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Canadian Imperial Bank of Commerce reduced their price target on shares of Barrick Mining to $63.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 21st. ATB Cormark Capital Markets lowered shares of Barrick Mining from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings cut Barrick Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, UBS Group lowered their price target on shares of Barrick Mining from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $52.46.

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.