Barrick Gold Corp (NYSE:GOLD) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,671,495 shares of the gold and copper producer’s stock after acquiring an additional 1,103,710 shares during the quarter. Vanguard Group Inc. owned about 3.63% of Barrick Gold worth $1,151,817,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV increased its position in Barrick Gold by 7.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the gold and copper producer’s stock worth $165,000 after purchasing an additional 600 shares during the last quarter. A. D. Beadell Investment Counsel Inc. increased its holdings in shares of Barrick Gold by 1.2% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 59,825 shares of the gold and copper producer’s stock worth $1,082,000 after buying an additional 700 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Barrick Gold by 1.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 79,523 shares of the gold and copper producer’s stock valued at $1,438,000 after buying an additional 1,053 shares during the period. Corient Private Wealth LLC lifted its holdings in Barrick Gold by 0.9% in the fourth quarter. Corient Private Wealth LLC now owns 123,651 shares of the gold and copper producer’s stock valued at $2,237,000 after acquiring an additional 1,066 shares during the last quarter. Finally, Capital International Sarl increased its stake in Barrick Gold by 0.8% during the fourth quarter. Capital International Sarl now owns 142,723 shares of the gold and copper producer’s stock worth $2,582,000 after acquiring an additional 1,109 shares during the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Up 3.4 %

Barrick Gold stock opened at $16.97 on Friday. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $18.95. The stock has a market cap of $29.79 billion, a PE ratio of 20.70, a P/E/G ratio of 0.47 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.32 and a quick ratio of 2.49. The stock’s fifty day moving average is $16.89 and its two-hundred day moving average is $16.50.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Barrick Gold had a return on equity of 4.88% and a net margin of 12.58%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, sell-side analysts expect that Barrick Gold Corp will post 1.06 EPS for the current fiscal year.

Barrick Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 2.36%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.07. Barrick Gold’s dividend payout ratio is currently 48.78%.

Wall Street Analyst Weigh In

GOLD has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $18.00 price target on shares of Barrick Gold in a report on Monday, March 4th. Argus reiterated a “hold” rating on shares of Barrick Gold in a research report on Monday, February 26th. BMO Capital Markets decreased their price objective on shares of Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. Finally, Jefferies Financial Group started coverage on Barrick Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $21.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.60.

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.