Barrick Gold Corp (NYSE:GOLD) Shares Bought by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,178 shares of the gold and copper producer’s stock after buying an additional 5,607 shares during the period. Great Valley Advisor Group Inc.’s holdings in Barrick Gold were worth $1,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOLD. Bruce G. Allen Investments LLC bought a new stake in shares of Barrick Gold in the 4th quarter valued at approximately $35,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Barrick Gold by 41.1% in the third 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 during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in Barrick Gold during the fourth quarter valued at $61,000. Headlands Technologies LLC acquired a new stake in shares of Barrick Gold during the third quarter worth $75,000. Finally, Fifth Third Bancorp raised its holdings in shares of 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 worth $88,000 after purchasing an additional 702 shares during the period. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Trading Down 0.5 %

Shares of NYSE:GOLD opened at $16.46 on Friday. The company has a 50 day moving average of $16.31 and a 200-day moving average of $16.35. 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 cap of $28.90 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.44 and a beta of 0.59. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $20.75.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Barrick Gold had a return on equity of 4.89% and a net margin of 12.58%. The firm 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 firm posted $0.14 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that Barrick Gold Corp will post 0.95 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. Investors of record on Friday, May 31st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 2.43%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.07. Barrick Gold’s dividend payout ratio (DPR) is currently 48.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GOLD shares. Raymond James lowered their price objective on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Sanford C. Bernstein cut Barrick Gold from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. TD Securities cut their price target on Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 16th. StockNews.com upgraded Barrick Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, 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 note 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 issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.06.

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.