Entropy Technologies LP acquired a new position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX during the third quarter, according to its most recent filing with the SEC. The firm acquired 186,586 shares of the gold and copper producer's stock, valued at approximately $3,711,000.
A number of other large investors have also recently made changes to their positions in GOLD. First Eagle Investment Management LLC grew its position in shares of Barrick Gold by 31.6% in 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 buying an additional 14,138,639 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position 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 purchasing an additional 5,080,510 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position 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 purchasing an additional 4,058,351 shares in the last quarter. Letko Brosseau & Associates Inc. bought a new stake in shares of Barrick Gold during the second quarter valued at approximately $66,820,000. Finally, Mizuho Markets Americas LLC bought a new stake in shares of Barrick Gold during the second quarter valued at approximately $31,768,000. 62.85% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. TD Securities dropped their price target on Barrick Gold from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday. Argus upgraded Barrick Gold from a "hold" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Thursday, August 29th. Royal Bank of Canada lifted their price target on Barrick Gold from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank dropped their price target on Barrick Gold from $25.00 to $24.00 and set a "sector outperform" rating on the stock in a research report on Friday. Finally, Raymond James dropped their target price on Barrick Gold from $26.50 to $26.00 and set an "outperform" rating on the stock in a report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.90.
Get Our Latest Stock Analysis on GOLD
Barrick Gold Stock Down 2.2 %
Shares of GOLD stock traded down $0.38 during mid-day trading on Tuesday, hitting $17.02. The company's stock had a trading volume of 35,727,061 shares, compared to its average volume of 21,371,287. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35. The business has a 50-day moving average price of $19.89 and a 200 day moving average price of $18.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.01. The stock has a market cap of $29.75 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.43 and a beta of 0.56.
Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, topping 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 firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share. The company's revenue was up 11.6% on a year-over-year basis. Research analysts predict that Barrick Gold Corp will post 1.29 EPS for the current fiscal year.
Barrick Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold's dividend payout ratio (DPR) is presently 43.01%.
About Barrick Gold
(
Free Report)
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.
Featured Articles
Before you consider Barrick Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barrick Gold wasn't on the list.
While Barrick Gold currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
