Barrick Gold Corp (NYSE:GOLD) Holdings Lifted by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 29,475 shares of the gold and copper producer’s stock after purchasing an additional 1,596 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Barrick Gold were worth $586,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Barrick Gold by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 64,761,067 shares of the gold and copper producer’s stock valued at $1,077,624,000 after acquiring an additional 1,089,572 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Barrick Gold by 31.6% during the first quarter. First Eagle Investment Management LLC now owns 58,820,050 shares of the gold and copper producer’s stock worth $978,766,000 after purchasing an additional 14,138,639 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of Barrick Gold by 3.7% during the second quarter. EdgePoint Investment Group Inc. now owns 18,837,028 shares of the gold and copper producer’s stock valued at $314,254,000 after purchasing an additional 666,214 shares during the last quarter. National Bank of Canada FI increased its stake in Barrick Gold by 9.0% in the 1st quarter. National Bank of Canada FI now owns 14,887,656 shares of the gold and copper producer’s stock worth $251,929,000 after purchasing an additional 1,231,184 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Barrick Gold by 3.3% during the 2nd quarter. CIBC Asset Management Inc now owns 14,546,530 shares of the gold and copper producer’s stock worth $242,491,000 after buying an additional 461,406 shares during the period. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Price Performance

NYSE:GOLD opened at $17.40 on Tuesday. The company has a market capitalization of $30.42 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 0.43 and a beta of 0.56. The company has a 50-day moving average of $19.95 and a 200-day moving average of $18.49. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.01.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Barrick Gold had a return on equity of 5.85% and a net margin of 13.19%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Barrick Gold Corp will post 1.29 earnings per share for the current fiscal year.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

Analyst Ratings Changes

Several research analysts have recently weighed in on GOLD shares. Jefferies Financial Group lifted their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Raymond James reduced their target price on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. TD Securities reduced their price objective on Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday. Finally, Royal Bank of Canada upped their target price on Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.90.

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.