Why Is Barrick Mining (B) Up 14.2% Since Last Earnings Report?

It has been about a month since the last earnings report for Barrick Mining (B). Shares have added about 14.2% in that time frame, outperforming the S&P 500.But investors have to be wondering, 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 its most recent earnings report in order to get a better handle on the important drivers.Barrick’s Q3 Earnings Beat Estimates, Sales Up on Higher PricesBarrick recorded profits (on a reported basis) of $1,302 million or 76 cents per share for third-quarter 2025, up from $483 million or 28 cents per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 58 cents. The figure beat the Zacks Consensus Estimate of 57 cents. Barrick recorded total sales of $4,148 million, up 23% year over year. The metric missed the Zacks Estimate of $4,224 million.Operational HighlightsTotal gold production was 829,000 ounces in the reported quarter, down around 12% year over year. The average realized price of gold was $3,457 per ounce in the quarter, up around 39%.The cost of sales increased around 6% year over year to $1,562 per ounce. All-in-sustaining costs (AISC) moved up 2% to $1,538 per ounce in the quarter.Financial PositionAt the end of the quarter, Barrick had cash and cash equivalents of $5,037 million, up 19% from the prior-year quarter. The company’s total debt was $4,714 million at the end of the quarter, flat year over year. The operating cash flow was $2,422 million for the quarter, whereas the free cash flow was $1,479 million.GuidanceFor 2025, Barrick continues to anticipate attributable gold production to be in the range of 3.15-3.5 million ounces. AISC is projected at $1,460- $1,560 per ounce for 2025. Cash costs per ounce are forecast to be $1,050-$1,130. The company also expects to see a cost of sales of $1,460-$1,560 per ounce. Barrick expects a copper production of 200,000-230,000 tons at AISC of $2.80-$3.10 per pound, cash costs per ounce of $1.80-$2.10 and cost of sales of $2.50-$2.80 per pound. Total attributable capital expenditures are projected in the range of $3,100-$3,600 million for 2025. How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates revision.The consensus estimate has shifted 34.38% due to these changes.VGM ScoresCurrently, Barrick Mining has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% 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.OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Barrick Mining has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.Performance of an Industry PlayerBarrick Mining belongs to the Zacks Mining - Gold industry. Another stock from the same industry, B2Gold (BTG), has gained 11.2% over the past month. More than a month has passed since the company reported results for the quarter ended September 2025.B2Gold reported revenues of $782.95 million in the last reported quarter, representing a year-over-year change of +74.7%. EPS of $0.14 for the same period compares with $0.02 a year ago.For the current quarter, B2Gold is expected to post earnings of $0.22 per share, indicating a change of +2100% from the year-ago quarter. The Zacks Consensus Estimate has changed -20% over the last 30 days.B2Gold has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.Zacks Naming Top 10 Stocks for 2026Want to be tipped off early to our 10 top picks for the entirety of 2026? History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2026. Don’t miss your chance to get in on these stocks when they’re released on January 5. Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B): Free Stock Analysis Report B2Gold Corp (BTG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks