Barrick Gold Corp (NYSE:GOLD) Shares Acquired by DCF Advisers LLC

DCF Advisers LLC increased its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 48.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,500 shares of the gold and copper producer’s stock after purchasing an additional 35,000 shares during the period. DCF Advisers LLC’s holdings in Barrick Gold were worth $1,793,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOLD. Clean Yield Group acquired a new stake in Barrick Gold during the 1st quarter worth $25,000. Principal Securities Inc. acquired a new position in Barrick Gold during the fourth quarter worth about $26,000. Crewe Advisors LLC grew its stake in Barrick Gold by 628.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock valued at $30,000 after acquiring an additional 1,572 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Barrick Gold by 175.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,794 shares of the gold and copper producer’s stock valued at $32,000 after acquiring an additional 1,143 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. acquired a new stake in Barrick Gold in the 2nd quarter valued at about $32,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Trading Up 0.9 %

NYSE GOLD opened at $20.24 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.01 and a quick ratio of 2.49. The stock has a market capitalization of $35.48 billion, a P/E ratio of 24.68, a PEG ratio of 0.49 and a beta of 0.55. The firm’s 50-day moving average is $19.16 and its two-hundred day moving average is $17.59. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.13.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The firm 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 business posted $0.19 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Barrick Gold Corp will post 1.22 earnings per share for the current year.

Barrick Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.98%. Barrick Gold’s dividend payout ratio is currently 48.78%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GOLD. Jefferies Financial Group upped their price target on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, August 29th. CIBC lifted their price target on Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Royal Bank of Canada boosted their price target on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank raised their price objective on shares of Barrick Gold from $23.00 to $25.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.30.

Barrick Gold 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.