LPL Financial LLC Has $10.18 Million Holdings in Barrick Gold Corp (NYSE:GOLD)

LPL Financial LLC increased its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 656,707 shares of the gold and copper producer's stock after buying an additional 33,206 shares during the period. LPL Financial LLC's holdings in Barrick Gold were worth $10,179,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Barrick Gold by 3.2% during the fourth quarter. Sei Investments Co. now owns 792,553 shares of the gold and copper producer's stock worth $12,285,000 after buying an additional 24,526 shares in the last quarter. American Century Companies Inc. raised its stake in Barrick Gold by 9.5% in the 4th quarter. American Century Companies Inc. now owns 2,159,280 shares of the gold and copper producer's stock worth $33,472,000 after purchasing an additional 187,551 shares in the last quarter. Virtu Financial LLC bought a new stake in Barrick Gold in the 4th quarter valued at about $3,069,000. Quantbot Technologies LP acquired a new position in shares of Barrick Gold during the 4th quarter worth approximately $4,204,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Barrick Gold during the fourth quarter worth approximately $121,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GOLD shares. TD Securities cut their price target on Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Citigroup reduced their target price on Barrick Gold from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. StockNews.com raised Barrick Gold from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Scotiabank increased their price objective on shares of Barrick Gold from $19.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 18th. Finally, Raymond James boosted their target price on shares of Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research report on Monday, March 31st. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.79.

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Barrick Gold Trading Up 7.3 %

Shares of GOLD stock traded up $1.28 during trading hours on Wednesday, hitting $18.80. 41,232,115 shares of the company's stock traded hands, compared to its average volume of 21,865,227. The stock has a market cap of $32.44 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55. The stock's 50 day simple moving average is $18.36 and its 200 day simple moving average is $17.93. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 12 month low of $15.11 and a 12 month high of $21.35.

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

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

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, February 28th. Barrick Gold's dividend payout ratio is presently 32.52%.

Barrick Gold 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.