Barnes (US:B) ZACKS·2025-07-24 12:16Core Insights - Barrick Mining Corporation is focusing on capital returns to shareholders, generating approximately $4.5 billion in operating cash flows in 2024 and returning about $1.2 billion through dividends and share repurchases [1][7]. Financial Performance - In February 2025, Barrick's board authorized a new share repurchase program of up to $1 billion, with $143 million repurchased and $172 million paid in dividends in the first quarter [2][3]. - Barrick ended the first quarter with cash and cash equivalents of around $4.1 billion, positioning itself well for development and exploration opportunities while maintaining shareholder value [3]. Comparison with Peers - Newmont Corporation has returned $1 billion to shareholders since the beginning of 2025, with a record free cash flow of $1.2 billion in the first quarter [4]. - Agnico Eagle Mines Limited returned nearly $1 billion to shareholders last year and delivered a free cash flow of $594 million in the first quarter, returning around 42% through dividends and buybacks [5]. Stock Performance and Valuation - Barrick's shares have increased by 39.4% year to date, compared to the Zacks Mining – Gold industry's rise of 58.7% [6]. - The forward 12-month earnings multiple for Barrick is 9.81, which is approximately 23.4% lower than the industry average of 12.8X, indicating a favorable valuation [9]. - Earnings per share (EPS) estimates for 2025 and 2026 imply growth of 55.6% and 23.1%, respectively, with estimates trending higher [7][8].