Barrick Mining (B) Receives a Rating Update from a Top Analyst

In a report released yesterday, Josh Wolfson from RBC Capital maintained a Buy rating on Barrick Mining, with a price target of $62.00. The company’s shares closed yesterday at C$59.23.

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According to TipRanks, Wolfson is a top 100 analyst with an average return of 24.7% and a 68.68% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Franco-Nevada, and Royal Gold.

In addition to RBC Capital, Barrick Mining also received a Buy from Bank of America Securities’s Lawson Winder in a report issued on April 6. However, on April 7, ATB Cormark Capital Markets downgraded Barrick Mining (NYSE: B) to a Hold.

Based on Barrick Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$6.03 billion and a net profit of C$2.41 billion. In comparison, last year the company earned a revenue of C$3.65 billion and had a net profit of C$996 million

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of B in relation to earlier this year.