Commonwealth Equity Services LLC Purchases 15,915 Shares of Barrick Gold Corp (NYSE:GOLD)

Commonwealth Equity Services LLC grew its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 671,039 shares of the gold and copper producer's stock after purchasing an additional 15,915 shares during the period. Commonwealth Equity Services LLC's holdings in Barrick Gold were worth $10,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in Barrick Gold by 619.7% during the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer's stock worth $48,000 after acquiring an additional 2,646 shares during the last quarter. BNP Paribas raised its stake in Barrick Gold by 221.7% during the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer's stock worth $62,000 after buying an additional 2,113 shares during the period. Exchange Traded Concepts LLC raised its stake in Barrick Gold by 196.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer's stock worth $65,000 after buying an additional 2,771 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Barrick Gold during the 4th quarter worth $65,000. Finally, Avior Wealth Management LLC increased its holdings in Barrick Gold by 24.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer's stock worth $68,000 after purchasing an additional 659 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors.

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Barrick Gold Trading Down 2.2 %

Shares of GOLD stock traded down $0.43 during mid-day trading on Friday, reaching $18.86. The stock had a trading volume of 24,998,580 shares, compared to its average volume of 21,591,432. The stock's 50-day moving average price is $17.50 and its two-hundred day moving average price is $18.04. Barrick Gold Corp has a 52-week low of $0.25 and a 52-week high of $21.35. The firm has a market capitalization of $32.54 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. Equities analysts expect that Barrick Gold Corp will post 1.47 earnings per share for the current fiscal year.

Barrick Gold announced that its Board of Directors has initiated a share buyback program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the gold and copper producer to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. Barrick Gold's dividend payout ratio (DPR) is 32.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GOLD shares. Bank of America cut Barrick Gold from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $21.00 to $18.00 in a report on Monday, January 27th. Citigroup reduced their price target on Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, December 20th. TD Securities cut their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Berenberg Bank raised their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. Finally, Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Barrick Gold currently has a consensus rating of "Moderate Buy" and an average price target of $23.75.

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.