Barrick Gold Corp (NYSE:GOLD) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 9.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 314,806 shares of the gold and copper producer’s stock after selling 33,986 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Barrick Gold were worth $5,695,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in shares of Barrick Gold in the first quarter worth approximately $42,000. Bruce G. Allen Investments LLC acquired a new position in Barrick Gold during the fourth quarter valued at approximately $35,000. Chilton Capital Management LLC acquired a new position in Barrick Gold during the first quarter valued at approximately $37,000. Resurgent Financial Advisors LLC acquired a new position in Barrick Gold during the fourth quarter valued at approximately $36,000. Finally, FWL Investment Management LLC acquired a new position in Barrick Gold during the fourth quarter valued at approximately $36,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Stock Up 1.5 %

Shares of NYSE:GOLD opened at $17.43 on Thursday. The company has a current ratio of 3.16, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $15.36 and a 200 day simple moving average of $16.05. The firm has a market cap of $30.60 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.31 and a beta of 0.58. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $20.75.

Barrick Gold (NYSE:GOLDGet Free Report) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities research analysts anticipate that Barrick Gold Corp will post 0.9 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 1.70%. Barrick Gold’s payout ratio is 55.56%.

Wall Street Analysts Forecast Growth

GOLD has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Barrick Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $21.00 price target on the stock. TD Securities reduced their price target on shares of Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Barrick Gold in a research report on Monday, March 4th. Argus reaffirmed a “hold” rating on shares of Barrick Gold in a research report on Monday, February 26th. Finally, Scotiabank dropped their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.05.

Read Our Latest Research Report on GOLD

Barrick Gold Profile

(Free Report)

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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