Barrick Gold Corp (NYSE:GOLD) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 876,559 shares of the gold and copper producer's stock after purchasing an additional 40,500 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of Barrick Gold worth $17,435,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Ritholtz Wealth Management raised its holdings in 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 worth $361,000 after purchasing an additional 502 shares during the last quarter. Silverlake Wealth Management LLC raised its stake in shares of Barrick Gold by 1.3% during the 3rd quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer's stock worth $992,000 after buying an additional 628 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Barrick Gold by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,999 shares of the gold and copper producer's stock worth $650,000 after buying an additional 731 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its stake in Barrick Gold by 2.4% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 36,519 shares of the gold and copper producer's stock valued at $608,000 after acquiring an additional 850 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in Barrick Gold by 4.4% during the 2nd quarter. Bangor Savings Bank now owns 21,445 shares of the gold and copper producer's stock valued at $358,000 after acquiring an additional 904 shares in the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Stock Down 3.6 %

GOLD stock traded down $0.73 during mid-day trading on Friday, hitting $19.59. 30,855,522 shares of the company were exchanged, compared to its average volume of 21,148,789. 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 twelve month low of $13.76 and a twelve month high of $21.35. The firm has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $18.31. The company has a market capitalization of $34.34 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings data 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 return on equity of 5.53% and a net margin of 12.78%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The business's revenue was up 11.6% on a year-over-year basis. On average, research analysts forecast that Barrick Gold Corp will post 1.27 earnings per share for the current fiscal year.

Barrick Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Friday, August 30th. Barrick Gold's payout ratio is currently 48.78%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised their price target on Barrick Gold from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. CIBC upped their target price on shares of Barrick Gold from $23.00 to $27.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. Raymond James lowered their price target on shares of Barrick Gold from $26.50 to $26.00 and set an "outperform" rating for the company in a report on Thursday, September 26th. Royal Bank of Canada boosted their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, Scotiabank raised their target price on shares of Barrick Gold from $23.00 to $25.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.60.

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.