Barrick Gold Corp (NYSE:GOLD) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 876,559 shares of the gold and copper producer’s stock after acquiring an additional 40,500 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Barrick Gold worth $17,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC increased 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 valued at $28,000 after acquiring an additional 935 shares during the last quarter. Clean Yield Group bought a new position in Barrick Gold during the 1st quarter worth $25,000. Crewe Advisors LLC grew its stake in Barrick Gold by 628.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock worth $30,000 after buying an additional 1,572 shares during the last quarter. Jackson Grant Investment Advisers Inc. bought a new position in Barrick Gold during the 2nd quarter worth $32,000. Finally, LRI Investments LLC bought a new position in Barrick Gold during the 1st quarter worth $37,000. 62.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. CIBC upped their price objective on Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Royal Bank of Canada upped their price objective on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. UBS Group upped their price objective on Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Raymond James decreased their price target on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Finally, Jefferies Financial Group increased their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of $23.60.

Barrick Gold Trading Down 2.3 %

Shares of Barrick Gold stock opened at $20.32 on Friday. The company has a quick ratio of 2.31, a current ratio of 3.01 and a debt-to-equity ratio of 0.15. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55. The business has a fifty day simple moving average of $20.16 and a 200-day simple moving average of $18.30. 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 data 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. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a return on equity of 5.53% and a net margin of 12.78%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, equities analysts forecast that Barrick Gold Corp will post 1.27 EPS for the current fiscal year.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.97%. Barrick Gold’s dividend payout ratio (DPR) is 48.78%.

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.