Cwm LLC Acquires 1,021 Shares of Barrick Gold Corp (NYSE:GOLD)

Cwm LLC boosted its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,826 shares of the gold and copper producer’s stock after buying an additional 1,021 shares during the quarter. Cwm LLC’s holdings in Barrick Gold were worth $315,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Clean Yield Group bought a new position in shares of Barrick Gold during the 1st quarter worth approximately $25,000. Crewe Advisors LLC increased its position in shares of Barrick Gold by 628.8% during the second 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. purchased a new stake in shares of Barrick Gold during the 2nd quarter valued at $32,000. LRI Investments LLC acquired a new stake in shares of Barrick Gold in the 1st quarter worth $37,000. Finally, City State Bank grew its stake in Barrick Gold by 338.6% during the 2nd quarter. City State Bank now owns 2,500 shares of the gold and copper producer’s stock worth $42,000 after buying an additional 1,930 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Performance

NYSE GOLD opened at $20.86 on Tuesday. The firm has a market capitalization of $36.56 billion, a P/E ratio of 25.44, a PEG ratio of 0.47 and a beta of 0.55. The stock has a 50-day simple moving average of $20.08 and a two-hundred day simple moving average of $18.26. 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 fifty-two week low of $13.76 and a fifty-two week high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Barrick Gold had a return on equity of 5.53% and a net margin of 12.78%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $0.19 earnings per share. Barrick Gold’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts forecast that Barrick Gold Corp will post 1.27 earnings per share for the current year.

Barrick Gold Announces Dividend

The company also recently announced 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 1.92%. The ex-dividend date of this dividend was Friday, August 30th. Barrick Gold’s dividend payout ratio is currently 48.78%.

Analyst Ratings Changes

GOLD has been the subject of several recent analyst reports. Scotiabank raised their price target on Barrick Gold from $23.00 to $25.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Jefferies Financial Group boosted their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. UBS Group lifted their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their target price on Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, CIBC lifted their price target on Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.60.

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.