Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Wealth Enhancement Advisory Services LLC lessened its stake in Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) by 8.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,958 shares of the gold and copper producer’s stock after selling 5,930 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Barrick Gold were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GOLD. Wellington Management Group LLP boosted its position in shares of Barrick Gold by 58.4% in the 4th quarter. Wellington Management Group LLP now owns 100,680,644 shares of the gold and copper producer’s stock worth $1,821,963,000 after purchasing an additional 37,128,653 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Barrick Gold by 9.7% in the fourth quarter. Van ECK Associates Corp now owns 80,933,517 shares of the gold and copper producer’s stock worth $1,464,070,000 after acquiring an additional 7,150,142 shares in the last quarter. Capital World Investors grew its stake in shares of Barrick Gold by 16.4% during the fourth quarter. Capital World Investors now owns 45,479,229 shares of the gold and copper producer’s stock worth $821,790,000 after acquiring an additional 6,417,244 shares during the last quarter. Ruffer LLP increased its holdings in shares of Barrick Gold by 198.3% during the fourth quarter. Ruffer LLP now owns 9,606,218 shares of the gold and copper producer’s stock valued at $173,727,000 after acquiring an additional 6,385,566 shares in the last quarter. Finally, TD Asset Management Inc raised its position in shares of Barrick Gold by 28.3% in the 4th quarter. TD Asset Management Inc now owns 17,713,269 shares of the gold and copper producer’s stock valued at $321,595,000 after purchasing an additional 3,910,872 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOLD. National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. BMO Capital Markets cut their target price on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

Get Our Latest Stock Report on Barrick Gold

Barrick Gold Stock Up 0.8 %

Shares of GOLD stock opened at $17.44 on Monday. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $18.95. The stock has a market cap of $30.62 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.49 and a beta of 0.51. The stock has a 50 day moving average of $16.87 and a 200 day moving average of $16.45. The company has a current ratio of 3.32, a quick ratio of 2.49 and a debt-to-equity ratio of 0.15.

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. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Barrick Gold Corp will post 1.08 EPS for the current year.

Barrick Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid 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 dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, May 31st. Barrick Gold’s dividend payout ratio is presently 48.78%.

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.

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

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