Signaturefd LLC Purchases 1,229 Shares of Barrick Gold Corp (NYSE:GOLD)

Signaturefd LLC raised its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,925 shares of the gold and copper producer’s stock after acquiring an additional 1,229 shares during the quarter. Signaturefd LLC’s holdings in Barrick Gold were worth $774,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. First Eagle Investment Management LLC grew its position in shares of Barrick Gold by 31.6% during the 1st 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 in the last quarter. EdgePoint Investment Group Inc. raised its stake in shares of Barrick Gold by 38.8% during the first quarter. EdgePoint Investment Group Inc. now owns 18,170,814 shares of the gold and copper producer’s stock valued at $302,366,000 after acquiring an additional 5,080,510 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Barrick Gold by 4,713.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,144,456 shares of the gold and copper producer’s stock valued at $69,141,000 after acquiring an additional 4,058,351 shares during the last quarter. Letko Brosseau & Associates Inc. bought a new position in Barrick Gold during the second quarter worth $66,820,000. Finally, Equity Investment Corp raised its stake in Barrick Gold by 82.1% during the first quarter. Equity Investment Corp now owns 5,302,815 shares of the gold and copper producer’s stock worth $88,239,000 after buying an additional 2,390,238 shares during the last quarter. 62.85% of the stock is owned by institutional investors.

Barrick Gold Stock Performance

Shares of GOLD stock opened at $20.32 on Friday. The stock has a market capitalization of $35.62 billion, a P/E ratio of 24.78, a PEG ratio of 0.47 and a beta of 0.55. The company has a current ratio of 3.01, a quick ratio of 2.31 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $20.16 and its 200 day moving average is $18.30. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (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 business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company 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 1.27 earnings per share for the current year.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s dividend payout ratio is presently 48.78%.

Analyst Ratings Changes

A number of equities analysts 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 note on Friday, September 13th. CIBC boosted their target price on shares of Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Raymond James decreased their target price 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. 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. Finally, UBS Group boosted their target price on shares of Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of $23.60.

About Barrick Gold

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.