Private Advisor Group LLC Sells 19,556 Shares of Barrick Gold Corp (NYSE:GOLD)

Private Advisor Group LLC decreased its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 10.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 171,805 shares of the gold and copper producer’s stock after selling 19,556 shares during the quarter. Private Advisor Group LLC’s holdings in Barrick Gold were worth $2,913,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Moors & Cabot Inc. raised its stake in Barrick Gold by 2.9% in the second quarter. Moors & Cabot Inc. now owns 57,527 shares of the gold and copper producer’s stock worth $974,000 after buying an additional 1,602 shares in the last quarter. Black Creek Investment Management Inc. lifted its holdings in shares of Barrick Gold by 212.2% during the 2nd quarter. Black Creek Investment Management Inc. now owns 1,592,000 shares of the gold and copper producer’s stock valued at $26,953,000 after purchasing an additional 1,082,000 shares during the last quarter. DCF Advisers LLC boosted its position in shares of Barrick Gold by 31.3% in the 2nd quarter. DCF Advisers LLC now owns 52,500 shares of the gold and copper producer’s stock worth $889,000 after purchasing an additional 12,500 shares in the last quarter. TD Asset Management Inc grew its stake in Barrick Gold by 6.3% during the 2nd quarter. TD Asset Management Inc now owns 14,565,609 shares of the gold and copper producer’s stock worth $246,677,000 after buying an additional 868,950 shares during the last quarter. Finally, Spotlight Asset Group Inc. acquired a new position in Barrick Gold during the 2nd quarter valued at about $86,000. Institutional investors own 58.20% of the company’s stock.

Barrick Gold Trading Up 0.6 %

Shares of GOLD stock opened at $15.81 on Tuesday. The stock’s fifty day moving average is $15.70 and its two-hundred day moving average is $15.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.28 and a current ratio of 3.07. The firm has a market capitalization of $27.75 billion, a P/E ratio of 527.00, a PEG ratio of 1.51 and a beta of 0.46. Barrick Gold Corp has a fifty-two week low of $13.82 and a fifty-two week high of $20.75.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings data on Thursday, November 2nd. The gold and copper producer reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Barrick Gold had a return on equity of 3.88% and a net margin of 0.52%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts expect that Barrick Gold Corp will post 0.82 earnings per share for the current fiscal year.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.53%. Barrick Gold’s dividend payout ratio is presently 1,333.33%.

Analysts Set New Price Targets

GOLD has been the subject of a number of research analyst reports. Raymond James decreased their price target on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. Veritas Investment Research cut Barrick Gold from a “buy” rating to a “reduce” rating in a research note on Wednesday, October 4th. BMO Capital Markets decreased their price target on Barrick Gold from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. Jefferies Financial Group decreased their price target on Barrick Gold from $18.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, October 4th. Finally, UBS Group decreased their price target on Barrick Gold from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.31.

About Barrick Gold

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.