Barrick Gold Corp (NYSE:GOLD) Position Raised by RFG Advisory LLC

RFG Advisory LLC grew its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 87.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,002 shares of the gold and copper producer’s stock after acquiring an additional 19,077 shares during the quarter. RFG Advisory LLC’s holdings in Barrick Gold were worth $682,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV grew its position in Barrick Gold by 7.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the gold and copper producer’s stock valued at $165,000 after buying an additional 600 shares in the last quarter. A. D. Beadell Investment Counsel Inc. boosted its holdings in shares of Barrick Gold by 1.2% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 59,825 shares of the gold and copper producer’s stock valued at $1,082,000 after acquiring an additional 700 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of Barrick Gold by 0.9% in the first quarter. Banque Cantonale Vaudoise now owns 120,166 shares of the gold and copper producer’s stock valued at $2,000,000 after acquiring an additional 1,033 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Barrick Gold by 1.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 79,523 shares of the gold and copper producer’s stock valued at $1,438,000 after acquiring an additional 1,053 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in Barrick Gold by 0.9% during the fourth quarter. Corient Private Wealth LLC now owns 123,651 shares of the gold and copper producer’s stock worth $2,237,000 after purchasing an additional 1,066 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GOLD shares. Jefferies Financial Group started coverage on Barrick Gold in a research report on Thursday, February 29th. They set a “buy” rating and a $21.00 price target on the stock. National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 target price on shares of Barrick Gold in a report on Monday, March 4th. BMO Capital Markets reduced their target price on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Finally, Argus reaffirmed a “hold” rating on shares of Barrick Gold in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Barrick Gold currently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Barrick Gold Stock Down 2.4 %

NYSE GOLD opened at $16.56 on Monday. The stock’s 50 day simple moving average is $16.86 and its 200 day simple moving average is $16.48. Barrick Gold Corp has a one year low of $13.76 and a one year high of $18.95. The firm has a market cap of $29.07 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 0.48 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.32 and a quick ratio of 2.49.

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

Barrick Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a dividend of $0.10 per share. This is an increase from Barrick Gold’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 2.42%. Barrick Gold’s dividend payout ratio is currently 48.78%.

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.