GW Henssler & Associates Ltd. cut its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,292,664 shares of the gold and copper producer's stock after selling 37,452 shares during the period. Barrick Gold comprises about 1.5% of GW Henssler & Associates Ltd.'s holdings, making the stock its 25th largest position. GW Henssler & Associates Ltd. owned about 0.07% of Barrick Gold worth $25,711,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Clean Yield Group acquired a new position in shares of Barrick Gold in the first quarter worth $25,000. Exchange Traded Concepts LLC raised its stake in Barrick Gold by 198.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer's stock valued at $28,000 after purchasing an additional 935 shares during the last quarter. Crewe Advisors LLC lifted its holdings in Barrick Gold by 628.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer's stock valued at $30,000 after purchasing an additional 1,572 shares in the last quarter. Jackson Grant Investment Advisers Inc. purchased a new position in Barrick Gold in the 2nd quarter valued at about $32,000. Finally, Eastern Bank acquired a new stake in shares of Barrick Gold during the 3rd quarter worth about $32,000. 62.85% of the stock is owned by institutional investors and hedge funds.
Barrick Gold Stock Up 1.5 %
Shares of GOLD stock traded up $0.30 during trading hours on Tuesday, reaching $20.28. The company had a trading volume of 21,327,775 shares, compared to its average volume of 21,131,955. The stock's fifty day simple moving average is $20.18 and its 200 day simple moving average is $18.35. The company has a market capitalization of $35.55 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.01. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35.
Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $0.19 earnings per share. The business's quarterly revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts expect that Barrick Gold Corp will post 1.27 earnings per share for the current fiscal year.
Barrick Gold Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, August 30th. Barrick Gold's dividend payout ratio (DPR) is 48.78%.
Analysts Set New Price Targets
GOLD has been the topic of several recent analyst reports. Argus raised shares of Barrick Gold from a "hold" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Thursday, August 29th. Royal Bank of Canada lifted their price target on shares of Barrick Gold from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Scotiabank upped their price objective on Barrick Gold from $23.00 to $25.00 and gave the stock a "sector outperform" rating in a report on Monday, August 19th. Raymond James cut their target price on Barrick Gold from $26.50 to $26.00 and set an "outperform" rating on the stock in a research report on Thursday, September 26th. Finally, Jefferies Financial Group boosted their price target on Barrick Gold from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Barrick Gold presently has an average rating of "Moderate Buy" and a consensus price target of $23.60.
View Our Latest Analysis on GOLD
Barrick Gold Profile
(
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.
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