Barrick Gold Corp (NYSE:GOLD) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,465 shares of the gold and copper producer’s stock after buying an additional 1,181 shares during the period. Sequoia Financial Advisors LLC’s holdings in Barrick Gold were worth $308,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. DCF Advisers LLC increased its stake in Barrick Gold by 48.3% during the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock worth $1,793,000 after buying an additional 35,000 shares during the period. Evexia Wealth LLC purchased a new stake in Barrick Gold during the 3rd quarter worth approximately $2,382,000. 1832 Asset Management L.P. increased its stake in Barrick Gold by 3.6% during the 1st quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer’s stock worth $18,135,000 after buying an additional 38,100 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Barrick Gold in the 2nd quarter valued at approximately $934,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Barrick Gold in the 1st quarter valued at approximately $740,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Argus raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, August 29th. UBS Group increased their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Raymond James dropped their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, September 26th. Royal Bank of Canada increased their target price on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group increased their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average price target of $23.60.

Barrick Gold Stock Up 1.9 %

Shares of NYSE:GOLD opened at $19.99 on Tuesday. The stock has a market cap of $35.04 billion, a P/E ratio of 24.38, a P/E/G ratio of 0.47 and a beta of 0.55. The firm has a fifty day moving average price of $20.18 and a 200 day moving average price of $18.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.01 and a quick ratio of 2.31. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35.

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

Barrick Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, August 30th. Barrick Gold’s dividend payout ratio (DPR) is presently 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.