Barrick Gold Corp (NYSE:GOLD) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC trimmed its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 74.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,165 shares of the gold and copper producer’s stock after selling 36,343 shares during the period. Stratos Wealth Advisors LLC’s holdings in Barrick Gold were worth $242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in Barrick Gold by 198.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after acquiring an additional 935 shares during the period. Clean Yield Group purchased a new stake in Barrick Gold during the first quarter worth $25,000. Crewe Advisors LLC boosted its holdings in Barrick Gold by 628.8% during the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock worth $30,000 after buying an additional 1,572 shares in the last quarter. Jackson Grant Investment Advisers Inc. purchased a new stake in Barrick Gold during the second quarter worth $32,000. Finally, LRI Investments LLC purchased a new stake in Barrick Gold during the first quarter worth $37,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOLD has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, September 13th. UBS Group increased their price target on shares of Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Raymond James reduced their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. Scotiabank upped 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. Finally, Royal Bank of Canada upped their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus price target of $23.60.

Barrick Gold Price Performance

Shares of NYSE GOLD opened at $21.19 on Wednesday. The firm has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $18.28. The stock has a market capitalization of $37.14 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55. The company has a quick ratio of 2.31, a current ratio of 3.01 and a debt-to-equity ratio of 0.15. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities analysts predict that Barrick Gold Corp will post 1.27 earnings per share for the current fiscal year.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s 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.