Barrick Mining (B) AI Stock Analysis

• Market Cap: $36.72B
• Dividend Yield: 1.87%
• Average Volume (3M): 10.16M
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.62
• Revenue Growth: 19.79%
• EPS Growth: -262.11%
• Country: US
• Employees: 22,100
• Sector: Basic Materials
• Sector Strength: 53
• Industry: Gold
• EPS (TTM): 0.35
• Shares Outstanding: 1,719,458,000
• 10 Day Avg. Volume: 11,005,444
• 30 Day Avg. Volume: 10,164,415
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.69
• Enterprise Value/Revenue: 4.68
• Enterprise Value/Gross Profit: 11.58
• Enterprise Value/Ebitda: 8.52
• 1Y Price Target: $27.01
• Price Target Upside: 26.39% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 56 Neutral
• Price Target: ―

Barnes Group's stock score reflects strong technical momentum and a positive corporate event in the recent acquisition by Apollo Funds. However, the score is moderated by financial performance challenges, particularly in profitability and leverage, as well as valuation concerns with the negative P/E ratio.

Positive Factors

Bitcoin acquisition strategy

Metaplanet emerges as Japan's answer to MSTR with Bitcoin acquisition strategy aimed at hyper-accumulation.

Cash flow

The company reported strong free cash flow in Q1’25 of $375 million, which was well above expectations.

Financial performance

Barrick Mining reported better than forecast Q1’25 adjusted earnings and maintained its 2025 guidance, including gold production of 3.15-3.5 million ounces.

Negative Factors

Political challenges

There are political challenges in Mali and technical difficulties at Pueblo Viejo affecting Barrick Mining.

Risk perceptions

Risk perceptions around Reko Diq are likely to weigh on multiples to some extent in the near term.

Shutdown in Mali

The shutdown in Mali is costing the company ~$15M per month in cash.

Barrick Mining Business Overview & Revenue Model

Company Description

Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

How the Company Makes Money

Barnes Group Inc. generates revenue through the sale of precision components, assemblies, and related services in its Industrial and Aerospace segments. The Industrial segment makes money by providing highly engineered products used in a range of applications, including automation, transportation, and industrial manufacturing. In the Aerospace segment, the company earns revenue by supplying OEMs with components for aircraft and offering aftermarket services to support aircraft maintenance and repair. Significant partnerships with leading aerospace companies and a diverse customer base in various industrial sectors contribute to the company's earnings. Additionally, the company's focus on innovation and efficiency helps maintain competitive pricing and profitability.

Barrick Mining Financial Statement Overview

Summary

Barrick Mining demonstrates strong financial health with robust profitability and operational efficiency. The company maintains a solid balance sheet with low leverage and strong cash flow generation, underscoring financial stability and effective cash management.

Income Statement

Barrick Mining exhibits strong profitability with a Gross Profit Margin of 40.4% and a Net Profit Margin of 17.5% for TTM. Revenue grew by 3% from the previous year, indicating stable growth. The EBIT Margin is healthy at 36.4%, and the EBITDA Margin is robust at 54.8%, reflecting operational efficiency.

Balance Sheet

The company maintains a solid financial position with a Debt-to-Equity Ratio of 0.19, indicating low leverage. The Return on Equity stands at 9.5%, showcasing efficient use of equity. The Equity Ratio is strong at 50.8%, emphasizing a balanced capital structure.

Cash Flow

Barrick Mining demonstrates strong cash flow management with a Free Cash Flow growth of 29% from the previous year. The Operating Cash Flow to Net Income Ratio is 2.1, highlighting cash-generating capability. The Free Cash Flow to Net Income Ratio is 0.73, indicating effective cash conversion.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.92B	11.40B	11.01B	11.98B	12.60B
Gross Profit	4.96B	3.46B	3.52B	4.90B	5.18B
EBITDA	7.01B	5.16B	3.70B	6.65B	7.73B
Net Income	2.14B	1.27B	432.00M	3.29B	3.61B
Balance Sheet
Total Assets	47.63B	45.81B	45.97B	46.89B	46.51B
Cash, Cash Equivalents and Short-Term Investments	4.07B	4.15B	4.44B	5.28B	5.19B
Total Debt	5.26B	5.22B	5.25B	5.47B	5.36B
Total Liabilities	14.37B	13.81B	14.68B	14.58B	14.80B
Stockholders Equity	24.29B	23.34B	22.77B	23.86B	23.34B
Cash Flow
Free Cash Flow	1.32B	646.00M	432.00M	1.94B	3.36B
Operating Cash Flow	4.49B	3.73B	3.48B	4.38B	5.42B
Investing Cash Flow	-2.76B	-2.82B	-1.71B	-1.90B	-1.29B
Financing Cash Flow	-1.79B	-1.21B	-2.60B	-2.39B	-2.25B

Barrick Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For B, the sentiment is Positive. The current price of 21.37 is above the 20-day moving average (MA) of 21.25, above the 50-day MA of 20.68, and above the 200-day MA of 18.54, indicating a bullish trend. The MACD of 0.18 indicates Positive momentum. The RSI at 53.92 is Neutral, neither overbought nor oversold. The STOCH value of 30.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for B.

Barrick Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$9.46B	8.05	-0.54%	3.14%	2.52%	-54.55%
B	56 Neutral	$36.72B	16.05	9.70%	1.87%	19.79%	-262.11%
AEM	―	$63.28B	21.24	13.92%	1.28%	―	―
FNV	―	$31.12B	50.40	10.19%	0.92%	―	―
KGC	―	$19.90B	13.01	22.05%	0.74%	―	―
WPM	―	$41.86B	67.48	8.51%	0.69%	―	―
AGI	―	$10.44B	30.10	10.18%	0.40%	―	―

Barrick Mining Corporate Events

Barnes Group Acquired by Apollo Funds in 2025

On January 27, 2025, Apollo Funds completed the acquisition of Barnes Group Inc. in an all-cash transaction valued at approximately $3.6 billion. This acquisition marks a significant phase in Barnes’ evolution, aiming to enhance growth and innovation in its aerospace and industrial sectors. Barnes’ common stock ceased trading and has been delisted from the New York Stock Exchange. The transaction is expected to strengthen Barnes’ market position and accelerate its transformation strategy under Apollo’s ownership.