Barrick Gold Corp (NYSE:GOLD) Stock Holdings Increased by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC lifted its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 111.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,216 shares of the gold and copper producer’s stock after purchasing an additional 23,816 shares during the quarter. LaSalle St. Investment Advisors LLC’s holdings in Barrick Gold were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Crowley Wealth Management Inc. bought a new stake in shares of Barrick Gold in the 4th quarter worth $26,000. First Horizon Advisors Inc. raised its holdings in shares of Barrick Gold by 619.7% in the 4th quarter. First Horizon Advisors Inc. now owns 3,073 shares of the gold and copper producer’s stock worth $48,000 after purchasing an additional 2,646 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Barrick Gold by 196.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer’s stock valued at $65,000 after purchasing an additional 2,771 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Barrick Gold in the 4th quarter worth $65,000. Finally, Principal Securities Inc. boosted its position in shares of Barrick Gold by 119.4% in the 4th quarter. Principal Securities Inc. now owns 4,848 shares of the gold and copper producer’s stock valued at $75,000 after purchasing an additional 2,638 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Trading Up 7.0 %

Barrick Gold stock opened at $20.59 on Monday. The business’s 50-day simple moving average is $18.49 and its 200-day simple moving average is $17.90. Barrick Gold Corp has a 52 week low of $15.11 and a 52 week high of $21.35. The firm has a market capitalization of $35.41 billion, a PE ratio of 16.74, a PEG ratio of 0.44 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.15 and a current ratio of 2.89.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. Equities research analysts forecast that Barrick Gold Corp will post 1.47 earnings per share for the current year.

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

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. Barrick Gold’s payout ratio is 32.52%.

Analysts Set New Price Targets

Several equities analysts have weighed in on GOLD shares. StockNews.com upgraded shares of Barrick Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 5th. National Bank Financial raised Barrick Gold to a “hold” rating in a research note on Friday, March 21st. TD Securities lowered their target price on Barrick Gold from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup reduced their price target on shares of Barrick Gold from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. Finally, Bank of America cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $18.00 in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.04.

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.