Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 8.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,377 shares of the gold and copper producer’s stock after buying an additional 1,269 shares during the quarter. Cwm LLC’s holdings in Barrick Gold were worth $296,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GOLD. Bruce G. Allen Investments LLC acquired a new position in shares of Barrick Gold in the 4th quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Barrick Gold in the 4th quarter valued at $61,000. Cary Street Partners Investment Advisory LLC increased its stake in Barrick Gold by 41.1% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,919 shares of the gold and copper producer’s stock worth $57,000 after purchasing an additional 1,142 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Barrick Gold during the 3rd quarter worth about $75,000. Finally, Fifth Third Bancorp lifted its stake in Barrick Gold by 13.1% during the third quarter. Fifth Third Bancorp now owns 6,067 shares of the gold and copper producer’s stock valued at $88,000 after buying an additional 702 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GOLD shares. Scotiabank cut their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a report on Tuesday, February 20th. BMO Capital Markets reduced their target price on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. CIBC lowered their price target on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Raymond James reduced their price objective on Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Sanford C. Bernstein cut Barrick Gold from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of $20.06.

Barrick Gold Trading Up 1.2 %

Shares of NYSE GOLD opened at $16.55 on Friday. The business has a 50 day simple moving average of $16.31 and a 200 day simple moving average of $16.35. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $20.75. The stock has a market cap of $29.06 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 3.16.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, research analysts predict that Barrick Gold Corp will post 0.95 earnings per share for the current fiscal year.

Barrick Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.10 per share. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 2.42%. The ex-dividend date is Friday, May 31st. Barrick Gold’s dividend payout ratio (DPR) 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.