Janney Montgomery Scott LLC Grows Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Janney Montgomery Scott LLC lifted its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 42.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,897 shares of the gold and copper producer's stock after purchasing an additional 55,051 shares during the quarter. Janney Montgomery Scott LLC's holdings in Barrick Gold were worth $3,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its holdings in shares of Barrick Gold by 2.8% during the third quarter. Ritholtz Wealth Management now owns 18,163 shares of the gold and copper producer's stock valued at $361,000 after purchasing an additional 502 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Barrick Gold by 2.1% during the third quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer's stock valued at $510,000 after purchasing an additional 540 shares during the last quarter. Silverlake Wealth Management LLC lifted its position in Barrick Gold by 1.3% during the third quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer's stock valued at $992,000 after purchasing an additional 628 shares during the period. apricus wealth LLC boosted its holdings in Barrick Gold by 0.6% in the third quarter. apricus wealth LLC now owns 112,850 shares of the gold and copper producer's stock worth $2,245,000 after purchasing an additional 710 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Barrick Gold by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,999 shares of the gold and copper producer's stock valued at $650,000 after buying an additional 731 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

Barrick Gold Price Performance

Shares of NYSE:GOLD traded down $1.00 during mid-day trading on Monday, reaching $17.40. The stock had a trading volume of 35,701,114 shares, compared to its average volume of 21,304,359. The company has a market cap of $30.42 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 0.43 and a beta of 0.56. The business's 50 day moving average price is $19.95 and its 200 day moving average price is $18.49. The company has a current ratio of 3.01, a quick ratio of 2.31 and a debt-to-equity ratio of 0.15. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. Barrick Gold's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. Research analysts expect that Barrick Gold Corp will post 1.29 EPS for the current fiscal year.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, November 29th. Barrick Gold's dividend payout ratio (DPR) is 46.51%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOLD. Raymond James reduced their price objective on 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 increased their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Scotiabank dropped their price objective on shares of Barrick Gold from $25.00 to $24.00 and set a "sector outperform" rating on the stock in a report on Friday. UBS Group cut shares of Barrick Gold from a "buy" rating to a "neutral" rating and reduced their target price for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, Argus upgraded Barrick Gold from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Barrick Gold currently has an average rating of "Moderate Buy" and a consensus price target of $23.90.

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.