Barrick Gold Corp (NYSE:GOLD) Stock Holdings Lifted by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 23.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 846,374 shares of the gold and copper producer’s stock after acquiring an additional 160,498 shares during the quarter. Sei Investments Co.’s holdings in Barrick Gold were worth $14,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GOLD. Edge Wealth Management LLC boosted its position in shares of Barrick Gold by 6.3% in the 1st quarter. Edge Wealth Management LLC now owns 12,255 shares of the gold and copper producer’s stock valued at $204,000 after purchasing an additional 725 shares during the period. Greenleaf Trust boosted its holdings in shares of Barrick Gold by 3.5% in the first quarter. Greenleaf Trust now owns 25,119 shares of the gold and copper producer’s stock worth $418,000 after buying an additional 838 shares during the period. DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of Barrick Gold by 2.4% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 36,519 shares of the gold and copper producer’s stock worth $608,000 after acquiring an additional 850 shares in the last quarter. Bangor Savings Bank raised its holdings in shares of Barrick Gold by 4.4% during the second quarter. Bangor Savings Bank now owns 21,445 shares of the gold and copper producer’s stock valued at $358,000 after acquiring an additional 904 shares during the period. Finally, S.A. Mason LLC lifted its position in shares of Barrick Gold by 3.5% in the 1st quarter. S.A. Mason LLC now owns 28,543 shares of the gold and copper producer’s stock valued at $475,000 after acquiring an additional 973 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOLD has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective 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. CIBC lifted their price target on Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Raymond James reduced their price objective on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research note on Thursday. Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, August 29th. Finally, Royal Bank of Canada increased their price target on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.60.

Barrick Gold Stock Performance

GOLD stock opened at $21.02 on Friday. The firm has a 50 day moving average of $19.30 and a two-hundred day moving average of $17.74. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.21. The company has a market capitalization of $36.84 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 0.49 and a beta of 0.55. The company has a quick ratio of 2.31, a current ratio of 3.01 and a debt-to-equity ratio of 0.15.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted $0.19 earnings per share. Barrick Gold’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities analysts anticipate that Barrick Gold Corp will post 1.25 EPS for the current fiscal year.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, August 30th. Barrick Gold’s dividend payout ratio 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.