Barrick Mining Corp reports results for the quarter ended June 30 - Earnings Summary

• Barrick Mining Corp ABX.TO reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 46 cents per share. Wall Street expected results to range from 41 cents to 51 cents per share.

• Revenue rose 16.4% to $3.68 billion from a year ago; analysts expected $3.67 billion.

• Barrick Mining Corp's reported EPS for the quarter was 47 cents​.

• The company reported quarterly net income of $811 million.

• Barrick Mining Corp shares had risen by 12.5% this quarter and gained 51.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.5% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for Barrick Mining Corp is $26.00, about 9.9% above its last closing price of $23.43

This summary was machine generated from LSEG data August 11 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)