Peapack Gladstone Financial Corp Sells 932 Shares of Barrick Gold Corp (NYSE:GOLD)

Peapack Gladstone Financial Corp trimmed its holdings in Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,335 shares of the gold and copper producer’s stock after selling 932 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Barrick Gold were worth $1,200,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Securities Inc. acquired a new stake in Barrick Gold in the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC grew its position in shares of Barrick Gold by 175.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,794 shares of the gold and copper producer’s stock worth $32,000 after buying an additional 1,143 shares during the period. Bruce G. Allen Investments LLC acquired a new position in shares of Barrick Gold during the 4th quarter worth about $35,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Barrick Gold during the 4th quarter worth about $45,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Barrick Gold during the 4th quarter worth about $61,000. 62.85% of the stock is owned by institutional investors.

Barrick Gold Stock Performance

Shares of NYSE GOLD opened at $16.70 on Thursday. The firm has a market cap of $29.32 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 0.43 and a beta of 0.59. Barrick Gold Corp has a one year low of $13.76 and a one year high of $18.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.32 and a quick ratio of 2.49. The stock’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $16.53.

Barrick Gold (NYSE:GOLDGet Free Report) (TSE:ABX) last announced its quarterly earnings data on Wednesday, May 1st. The gold and copper producer reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Barrick Gold had a return on equity of 4.88% and a net margin of 12.58%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the company earned $0.14 EPS. Barrick Gold’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts forecast that Barrick Gold Corp will post 1.06 EPS for the current 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 given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Barrick Gold’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 2.40%. Barrick Gold’s dividend payout ratio (DPR) is currently 48.78%.

Analyst Ratings Changes

Several research firms have recently issued reports on GOLD. CIBC decreased their target price on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Argus reiterated a “hold” rating on shares of Barrick Gold in a research report on Monday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price objective on shares of Barrick Gold in a research report on Monday, March 4th. TD Securities decreased their price objective on Barrick Gold from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Finally, BMO Capital Markets decreased their price objective on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

Get Our Latest Report on Barrick 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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