Barrick Mining (B) Emerges as Top Momentum Stock with Strong Zacks Scores

Barrick Mining (B) is a top momentum stock for the long-term, with a Momentum Style Score of A and VGM Score of A. The company boasts a Zacks Rank #3 (Hold) rating and has seen a 16.2% gain in the last one-year period. Its earnings performance is also impressive, with four analysts revising their earnings estimate higher in the last 60 days. B's average earnings surprise is 12.5%, making it a solid addition to any portfolio.

Barrick Mining Corporation (B) has emerged as a top momentum stock for long-term investors, with a Momentum Style Score of A and a VGM Score of A. The company's stock has gained 16.2% in the last one-year period, driven by strong earnings performance and positive developments in its key projects. Barrick's Zacks Rank #3 (Hold) rating indicates a balanced outlook, but its impressive earnings surprises and growth prospects make it a solid addition to any portfolio.

The company's earnings performance has been particularly notable, with four analysts revising their earnings estimates higher in the last 60 days. Barrick's average earnings surprise of 12.5% underscores its strong operational execution and strategic positioning.

One of the key drivers of Barrick's momentum is its Lumwana mine expansion project in Zambia. The $2 billion Super Pit Expansion Project aims to double Lumwana's copper output to 240,000 tons annually, supported by a new processing plant with a capacity of 50 million tons per year [1]. This expansion is a significant turnaround for the mine, transforming it from an underperforming asset into a vital part of Barrick's global copper portfolio and Zambia's long-term development strategy.

Barrick's strong liquidity position and attractive dividend yield of 1.9% also contribute to its appeal as a long-term investment. The company generated robust operating cash flows of $1.2 billion in the first quarter of 2025, up 59% year over year, and returned $1.2 billion to shareholders through dividends and repurchases in 2024 [1].

However, Barrick faces challenges, including higher production costs. Its cash costs per ounce of gold and all-in-sustaining costs (AISC) increased around 16% and 20% year over year, respectively, in the first quarter of 2025. These higher costs may eat into Barrick's margins, but the company's strong earnings surprises and growth prospects suggest it is well-positioned to navigate these challenges.

In conclusion, Barrick Mining Corporation is a top momentum stock for long-term investors, driven by its strong earnings performance, key projects, and attractive dividend yield. While it faces challenges, its strategic positioning and growth prospects make it a solid addition to any portfolio.

References:
[1] https://www.nasdaq.com/articles/barrick-minings-2-billion-lumwana-super-pit-expansion-track
[2] https://finance.yahoo.com/news/invest-barrick-mining-35-rally-120100095.html