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A month has gone by since the last earnings report for Barrick Mining (B). Shares have added about 6.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Barrick Mining due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
VGM Scores
At this time, Barrick Mining has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Barrick Mining has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Barrick Mining belongs to the Zacks Mining - Gold industry. Another stock from the same industry, Kinross Gold (KGC), has gained 4.7% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025.
Kinross Gold reported revenues of $1.5 billion in the last reported quarter, representing a year-over-year change of +38.5%. EPS of $0.30 for the same period compares with $0.10 a year ago.
For the current quarter, Kinross Gold is expected to post earnings of $0.25 per share, indicating a change of +78.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +12.1% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Kinross Gold. Also, the stock has a VGM Score of A.
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This article originally published on Zacks Investment Research (zacks.com).