Barrick Gold Corp (NYSE:GOLD) Shares Sold by Walleye Capital LLC

Walleye Capital LLC reduced its holdings in shares of Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) by 36.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,216 shares of the gold and copper producer’s stock after selling 11,536 shares during the period. Walleye Capital LLC’s holdings in Barrick Gold were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors grew its holdings in shares of Barrick Gold by 12.3% during the first quarter. Capital World Investors now owns 72,051,877 shares of the gold and copper producer’s stock valued at $1,767,341,000 after buying an additional 7,901,325 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Barrick Gold by 2.5% in the first quarter. Vanguard Group Inc. now owns 56,601,028 shares of the gold and copper producer’s stock valued at $1,388,423,000 after purchasing an additional 1,379,254 shares during the period. Invesco Ltd. raised its stake in shares of Barrick Gold by 12.4% in the first quarter. Invesco Ltd. now owns 23,057,924 shares of the gold and copper producer’s stock worth $565,610,000 after purchasing an additional 2,540,995 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Barrick Gold by 12.7% during the first quarter. Mackenzie Financial Corp now owns 18,746,318 shares of the gold and copper producer’s stock worth $458,370,000 after purchasing an additional 2,118,203 shares during the period. Finally, Wellington Management Group LLP boosted its position in Barrick Gold by 40.8% in the first quarter. Wellington Management Group LLP now owns 17,824,320 shares of the gold and copper producer’s stock valued at $437,387,000 after buying an additional 5,164,698 shares during the last quarter. Institutional investors and hedge funds own 58.03% of the company’s stock.

Analyst Upgrades and Downgrades

GOLD has been the subject of several research reports. TheStreet cut shares of Barrick Gold from a “b-” rating to a “c+” rating in a research note on Friday, July 29th. Barclays cut their price target on Barrick Gold from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Fundamental Research reissued a “buy” rating and issued a $23.42 price objective (down previously from $26.11) on shares of Barrick Gold in a report on Tuesday, August 16th. BMO Capital Markets raised their target price on Barrick Gold from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Finally, The Goldman Sachs Group began coverage on Barrick Gold in a research report on Monday, September 12th. They issued a “neutral” rating and a $18.00 price objective on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.17.

Barrick Gold Stock Performance

GOLD opened at $15.07 on Friday. The company has a market cap of $26.68 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 7.34 and a beta of 0.33. The firm’s fifty day simple moving average is $15.67 and its two-hundred day simple moving average is $19.63. The company has a quick ratio of 3.19, a current ratio of 3.95 and a debt-to-equity ratio of 0.16. Barrick Gold Corp has a 52-week low of $14.53 and a 52-week high of $26.07.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last posted its quarterly earnings data on Monday, August 8th. The gold and copper producer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Barrick Gold had a return on equity of 5.95% and a net margin of 16.87%. Barrick Gold’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. Equities analysts anticipate that Barrick Gold Corp will post 1.02 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a $0.156 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.62 dividend on an annualized basis and a yield of 4.14%. Barrick Gold’s payout ratio is currently 35.40%.

Barrick Gold Company Profile

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Barrick Gold Corporation is a sector-leading gold and copper producer.  Its shares trade on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX.
 
In January 2019 Barrick merged with Randgold Resources and in July that year it combined its gold mines in Nevada, USA, with those of Newmont Corporation in a joint venture, Nevada Gold Mines, which is majority-owned and operated by Barrick.

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Institutional Ownership by Quarter for Barrick Gold (NYSE:GOLD)

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