Why Barrick Mining (B) is a Top Growth Stock for the Long-Term

According to Zacks Investment Research, Barrick Mining (B) is a compelling growth stock, holding a Zacks Rank of #3 (Hold) and a VGM Score of A. The company's Growth Style Score is B, supported by a projected 39.7% year-over-year earnings increase for the current fiscal year and a 12.5% average earnings surprise; furthermore, the consensus estimate for fiscal year 2025 has risen by $0.17 to $1.76 per share based on upward revisions from four analysts in the last 60 days.

Analysis

Barrick Gold Corp. (GOLD), a major global gold and copper mining company, currently holds a Zacks Rank of #3 (Hold), yet presents compelling characteristics for growth-focused investors. The company achieves a top-tier VGM Score of 'A' and a strong Growth Style Score of 'B' from Zacks Investment Research. This favorable growth assessment is substantiated by a projected year-over-year earnings increase of 39.7% for the current fiscal year and a consistent average earnings surprise of 12.5%. Furthermore, analyst sentiment for fiscal 2025 appears to be improving, evidenced by four analysts revising their earnings estimates upward in the past 60 days, leading to an increase in the Zacks Consensus Estimate by $0.17 to $1.76 per share. While a #3 Rank typically suggests holding, Zacks methodology indicates that #3 ranked stocks with 'A' or 'B' Style Scores, such as Barrick Gold, still possess potential for upside.

Key Decisions for Investors

• Investors should consider Barrick Gold for its growth potential, supported by its 'B' Growth Style Score, 'A' VGM Score, and a significant 39.7% projected earnings growth, despite its current Zacks #3 (Hold) rank.
• Closely monitor future earnings reports and analyst estimate revisions for Barrick Gold, as sustained positive developments in these areas could trigger an upgrade in its Zacks Rank and further affirm the growth outlook.
• The positive trend in fiscal 2025 earnings estimates, with the consensus rising to $1.76 per share, indicates strengthening analyst conviction which may serve as a favorable catalyst for the stock.