Barrick Gold Corp (NYSE:GOLD) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its holdings in Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,906 shares of the gold and copper producer’s stock after selling 9,108 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Barrick Gold were worth $2,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners purchased a new stake in Barrick Gold in the third quarter valued at approximately $152,000. Massachusetts Financial Services Co. MA lifted its stake in Barrick Gold by 53.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 524,618 shares of the gold and copper producer’s stock valued at $7,633,000 after buying an additional 183,076 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in Barrick Gold in the third quarter valued at approximately $219,000. Janney Montgomery Scott LLC lifted its stake in Barrick Gold by 4.6% in the third quarter. Janney Montgomery Scott LLC now owns 114,420 shares of the gold and copper producer’s stock valued at $1,665,000 after buying an additional 5,008 shares during the last quarter. Finally, Lebenthal Global Advisors LLC lifted its stake in Barrick Gold by 13.7% in the third quarter. Lebenthal Global Advisors LLC now owns 40,924 shares of the gold and copper producer’s stock valued at $595,000 after buying an additional 4,934 shares during the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Trading Down 0.1 %

NYSE:GOLD opened at $17.09 on Monday. The stock has a fifty day moving average price of $17.04 and a two-hundred day moving average price of $16.51. The stock has a market capitalization of $30.00 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 0.42 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.49 and a current ratio of 3.32. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $18.95.

Barrick Gold (NYSE:GOLDGet Free Report) (TSE:ABX) last posted its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Barrick Gold had a return on equity of 4.88% and a net margin of 12.58%. Barrick Gold’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. As a group, sell-side analysts anticipate that Barrick Gold Corp will post 1.06 earnings per share for the current fiscal year.

Barrick Gold Increases Dividend

The company 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 $0.10 dividend. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 2.34%. Barrick Gold’s dividend payout ratio is 48.78%.

Analyst Upgrades and Downgrades

GOLD has been the subject of a number of research reports. Scotiabank reduced their price objective on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Tuesday, February 20th. Argus reiterated a “hold” rating on shares of Barrick Gold in a research note on Monday, February 26th. CIBC reduced their price objective on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. TD Securities cut their price target on Barrick Gold from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Finally, StockNews.com upgraded Barrick Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and an average target price of $21.60.

Get Our Latest Analysis on Barrick Gold

About Barrick Gold

(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.

See Also

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

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