International Assets Investment Management LLC Has $5.65 Million Stock Position in Barrick Gold Corp (NYSE:GOLD)

International Assets Investment Management LLC boosted its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 1,531.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 312,179 shares of the gold and copper producer’s stock after buying an additional 293,045 shares during the period. International Assets Investment Management LLC’s holdings in Barrick Gold were worth $5,647,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GOLD. Fairfield Bush & CO. acquired a new position in Barrick Gold in the 2nd quarter valued at about $29,000. Bruce G. Allen Investments LLC acquired a new position in Barrick Gold in the 4th quarter valued at about $35,000. Resurgent Financial Advisors LLC acquired a new position in Barrick Gold in the 4th quarter valued at about $36,000. FWL Investment Management LLC acquired a new position in Barrick Gold in the 4th quarter valued at about $36,000. Finally, Chilton Capital Management LLC acquired a new position in Barrick Gold in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on GOLD. Raymond James decreased their price target on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. StockNews.com raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. National Bank Financial reissued a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. Argus reissued a “hold” rating on shares of Barrick Gold in a report on Monday, February 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $18.00 price objective on shares of Barrick Gold in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and an average target price of $22.05.

Barrick Gold Stock Performance

NYSE GOLD opened at $17.37 on Tuesday. 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 firm has a market capitalization of $30.50 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.63 and a beta of 0.58. The firm’s 50 day simple moving average is $15.75 and its 200 day simple moving average is $16.18. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $20.75.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings data on Wednesday, February 14th. The gold and copper producer reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.13 EPS. As a group, research analysts expect that Barrick Gold Corp will post 0.91 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

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

Barrick Gold Company Profile

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.