Victory Capital Management Inc. Decreases Position in Barrick Gold Corp (NYSE:GOLD)

Victory Capital Management Inc. lowered its position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,910,650 shares of the gold and copper producer's stock after selling 91,352 shares during the quarter. Victory Capital Management Inc. owned 0.17% of Barrick Gold worth $57,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clean Yield Group acquired a new stake in Barrick Gold during the 1st quarter valued at approximately $25,000. Exchange Traded Concepts LLC lifted its holdings in shares of 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 worth $28,000 after purchasing an additional 935 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of 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 worth $30,000 after purchasing an additional 1,572 shares in the last quarter. Jackson Grant Investment Advisers Inc. bought a new position in Barrick Gold during the 2nd quarter valued at $32,000. Finally, Eastern Bank bought a new position in Barrick Gold during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James decreased their price objective on Barrick Gold from $26.50 to $26.00 and set an "outperform" rating for the company in a report on Thursday, September 26th. Jefferies Financial Group lifted 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. TD Securities dropped their price target on Barrick Gold from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Royal Bank of Canada boosted their target price on Barrick Gold from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, UBS Group downgraded Barrick Gold from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.90.

Barrick Gold Trading Down 1.1 %

Shares of NYSE GOLD traded down $0.18 during trading hours on Friday, reaching $16.67. The stock had a trading volume of 11,377,148 shares, compared to its average volume of 21,386,949. The business's fifty day moving average price is $19.74 and its two-hundred day moving average price is $18.46. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.40 and a beta of 0.56. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last issued its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.05. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.13 billion. Barrick Gold had a return on equity of 5.82% and a net margin of 13.19%. The business's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. Analysts expect that Barrick Gold Corp will post 1.29 EPS for the current fiscal year.

Barrick Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold's payout ratio is currently 43.01%.

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.