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BARRICK MINING CORP (B) Stock Fundamental Analysis

NYSE:B - New York Stock Exchange, Inc. - CA06849F1080 - Common Stock - Currency: USD

24.26  +0.16 (+0.66%)

After market: 24.23 -0.03 (-0.12%)

Fundamental Rating

6

Overall B gets a fundamental rating of 6 out of 10. We evaluated B against 156 industry peers in the Metals & Mining industry. B scores excellent on profitability, but there are some minor concerns on its financial health. B may be a bit undervalued, certainly considering the very reasonable score on growth This makes B very considerable for value investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

In the past year B was profitable.
B had a positive operating cash flow in the past year.
Each year in the past 5 years B has been profitable.
In the past 5 years B always reported a positive cash flow from operatings.
B Yearly Net Income VS EBIT VS OCF VS FCFB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B

1.2 Ratios

Looking at the Return On Assets, with a value of 5.85%, B is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.13%, B belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
The Return On Invested Capital of B (8.42%) is better than 75.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for B is significantly below the industry average of 12.79%.
The 3 year average ROIC (5.32%) for B is below the current ROIC(8.42%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.85%
ROE 11.13%
ROIC 8.42%
ROA(3y)2.74%
ROA(5y)3.51%
ROE(3y)5.39%
ROE(5y)6.92%
ROIC(3y)5.32%
ROIC(5y)5.94%
B Yearly ROA, ROE, ROICB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

The Profit Margin of B (19.99%) is better than 86.54% of its industry peers.
In the last couple of years the Profit Margin of B has declined.
With an excellent Operating Margin value of 39.96%, B belongs to the best of the industry, outperforming 91.03% of the companies in the same industry.
In the last couple of years the Operating Margin of B has grown nicely.
B has a better Gross Margin (44.23%) than 83.33% of its industry peers.
In the last couple of years the Gross Margin of B has grown nicely.
Industry RankSector Rank
OM 39.96%
PM (TTM) 19.99%
GM 44.23%
OM growth 3Y-2.73%
OM growth 5Y7.55%
PM growth 3Y-0.55%
PM growth 5Y-16.49%
GM growth 3Y-2.05%
GM growth 5Y5.86%
B Yearly Profit, Operating, Gross MarginsB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

6

2. Health

2.1 Basic Checks

B has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, B has less shares outstanding
The number of shares outstanding for B has been reduced compared to 5 years ago.
The debt/assets ratio for B has been reduced compared to a year ago.
B Yearly Shares OutstandingB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
B Yearly Total Debt VS Total AssetsB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

Based on the Altman-Z score of 1.79, we must say that B is in the distress zone and has some risk of bankruptcy.
B has a Altman-Z score of 1.79. This is in the lower half of the industry: B underperforms 64.10% of its industry peers.
B has a debt to FCF ratio of 2.76. This is a good value and a sign of high solvency as B would need 2.76 years to pay back of all of its debts.
B has a Debt to FCF ratio of 2.76. This is in the better half of the industry: B outperforms 76.92% of its industry peers.
B has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
B has a Debt to Equity ratio (0.19) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.76
Altman-Z 1.79
ROIC/WACC0.91
WACC9.28%
B Yearly LT Debt VS Equity VS FCFB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

B has a Current Ratio of 3.21. This indicates that B is financially healthy and has no problem in meeting its short term obligations.
B's Current ratio of 3.21 is fine compared to the rest of the industry. B outperforms 66.67% of its industry peers.
B has a Quick Ratio of 2.53. This indicates that B is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.53, B is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.21
Quick Ratio 2.53
B Yearly Current Assets VS Current LiabilitesB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 54.90% over the past year.
The Earnings Per Share has been growing by 19.55% on average over the past years. This is quite good.
B shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.86%.
The Revenue has been growing slightly by 5.87% on average over the past years.
EPS 1Y (TTM)54.9%
EPS 3Y2.77%
EPS 5Y19.55%
EPS Q2Q%46.87%
Revenue 1Y (TTM)16.86%
Revenue growth 3Y2.54%
Revenue growth 5Y5.87%
Sales Q2Q%16.41%

3.2 Future

Based on estimates for the next years, B will show a small growth in Earnings Per Share. The EPS will grow by 5.71% on average per year.
B is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.13% yearly.
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y5.71%
Revenue Next Year13.71%
Revenue Next 2Y14.24%
Revenue Next 3Y10.2%
Revenue Next 5Y-1.13%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
B Yearly Revenue VS EstimatesB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
B Yearly EPS VS EstimatesB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 15.35, the valuation of B can be described as correct.
B's Price/Earnings ratio is rather cheap when compared to the industry. B is cheaper than 83.33% of the companies in the same industry.
B's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.82.
The Price/Forward Earnings ratio is 12.96, which indicates a correct valuation of B.
Based on the Price/Forward Earnings ratio, B is valued a bit cheaper than 69.87% of the companies in the same industry.
B's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.24.
Industry RankSector Rank
PE 15.35
Fwd PE 12.96
B Price Earnings VS Forward Price EarningsB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

B's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. B is cheaper than 88.46% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, B is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 24.13
EV/EBITDA 5.6
B Per share dataB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
B has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as B's earnings are expected to grow with 14.50% in the coming years.
PEG (NY)0.55
PEG (5Y)0.79
EPS Next 2Y21.39%
EPS Next 3Y14.5%

5

5. Dividend

5.1 Amount

B has a Yearly Dividend Yield of 1.63%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.61, B pays a better dividend. On top of this B pays more dividend than 80.77% of the companies listed in the same industry.
B's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 1.63%

5.2 History

The dividend of B has a limited annual growth rate of 1.44%.
B has been paying a dividend for over 5 years, so it has already some track record.
The dividend of B decreased recently.
Dividend Growth(5Y)1.44%
Div Incr Years0
Div Non Decr Years1
B Yearly Dividends per shareB Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

24.89% of the earnings are spent on dividend by B. This is a low number and sustainable payout ratio.
The dividend of B is growing, but earnings are growing more, so the dividend growth is sustainable.
DP24.89%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
B Yearly Income VS Free CF VS DividendB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B
B Dividend Payout.B Dividend Payout, showing the Payout Ratio.B Dividend Payout.PayoutRetained Earnings

BARRICK MINING CORP

NYSE:B (8/18/2025, 8:20:19 PM)

After market: 24.23 -0.03 (-0.12%)

24.26

+0.16 (+0.66%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-11 2025-08-11/bmo
Earnings (Next)11-05 2025-11-05/amc
Inst Owners61.61%
Inst Owner Change1229.17%
Ins Owners0.75%
Ins Owner Change0%
Market Cap41.39B
Analysts80
Price Target29.18 (20.28%)
Short Float %0.88%
Short Ratio1.09
Dividend
Industry RankSector Rank
Dividend Yield 1.63%
Yearly Dividend0.4
Dividend Growth(5Y)1.44%
DP24.89%
Div Incr Years0
Div Non Decr Years1
Ex-Date08-29 2025-08-29 (0.15)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.51%
Min EPS beat(2)2.36%
Max EPS beat(2)22.67%
EPS beat(4)3
Avg EPS beat(4)7.82%
Min EPS beat(4)-4.73%
Max EPS beat(4)22.67%
EPS beat(8)7
Avg EPS beat(8)14.74%
EPS beat(12)11
Avg EPS beat(12)15.29%
EPS beat(16)15
Avg EPS beat(16)13.36%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.56%
PT rev (3m)-40.28%
EPS NQ rev (1m)24.01%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)3.99%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.68%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 15.35
Fwd PE 12.96
P/S 2.99
P/FCF 24.13
P/OCF 8.09
P/B 1.67
P/tB 1.92
EV/EBITDA 5.6
EPS(TTM)1.58
EY6.51%
EPS(NY)1.87
Fwd EY7.71%
FCF(TTM)1.01
FCFY4.14%
OCF(TTM)3
OCFY12.35%
SpS8.1
BVpS14.55
TBVpS12.65
PEG (NY)0.55
PEG (5Y)0.79
Profitability
Industry RankSector Rank
ROA 5.85%
ROE 11.13%
ROCE 12.34%
ROIC 8.42%
ROICexc 9.43%
ROICexgc 10.27%
OM 39.96%
PM (TTM) 19.99%
GM 44.23%
FCFM 12.41%
ROA(3y)2.74%
ROA(5y)3.51%
ROE(3y)5.39%
ROE(5y)6.92%
ROIC(3y)5.32%
ROIC(5y)5.94%
ROICexc(3y)5.89%
ROICexc(5y)6.64%
ROICexgc(3y)6.46%
ROICexgc(5y)7.43%
ROCE(3y)7.8%
ROCE(5y)8.7%
ROICexcg growth 3Y-3.04%
ROICexcg growth 5Y11.36%
ROICexc growth 3Y-1.4%
ROICexc growth 5Y12.6%
OM growth 3Y-2.73%
OM growth 5Y7.55%
PM growth 3Y-0.55%
PM growth 5Y-16.49%
GM growth 3Y-2.05%
GM growth 5Y5.86%
F-Score9
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.76
Debt/EBITDA 0.64
Cap/Depr 187.94%
Cap/Sales 24.58%
Interest Coverage 15.3
Cash Conversion 69.74%
Profit Quality 62.05%
Current Ratio 3.21
Quick Ratio 2.53
Altman-Z 1.79
F-Score9
WACC9.28%
ROIC/WACC0.91
Cap/Depr(3y)156.49%
Cap/Depr(5y)135.67%
Cap/Sales(3y)26.44%
Cap/Sales(5y)23.19%
Profit Quality(3y)70.74%
Profit Quality(5y)90.6%
High Growth Momentum
Growth
EPS 1Y (TTM)54.9%
EPS 3Y2.77%
EPS 5Y19.55%
EPS Q2Q%46.87%
EPS Next Y27.68%
EPS Next 2Y21.39%
EPS Next 3Y14.5%
EPS Next 5Y5.71%
Revenue 1Y (TTM)16.86%
Revenue growth 3Y2.54%
Revenue growth 5Y5.87%
Sales Q2Q%16.41%
Revenue Next Year13.71%
Revenue Next 2Y14.24%
Revenue Next 3Y10.2%
Revenue Next 5Y-1.13%
EBIT growth 1Y68.06%
EBIT growth 3Y-0.26%
EBIT growth 5Y13.86%
EBIT Next Year85.54%
EBIT Next 3Y30.25%
EBIT Next 5Y6.77%
FCF growth 1Y8066.67%
FCF growth 3Y-12.16%
FCF growth 5Y3.07%
OCF growth 1Y61.75%
OCF growth 3Y0.85%
OCF growth 5Y9.65%