Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Cwm LLC

Cwm LLC lifted its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 6.9% during the third quarter, HoldingsChannel.com reports. The fund owned 15,826 shares of the gold and copper producer’s stock after acquiring an additional 1,021 shares during the period. Cwm LLC’s holdings in Barrick Gold were worth $315,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. DCF Advisers LLC raised its holdings in Barrick Gold by 48.3% in the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock valued at $1,793,000 after acquiring an additional 35,000 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Barrick Gold by 3.6% in the first quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer’s stock valued at $18,135,000 after purchasing an additional 38,100 shares during the last quarter. RFG Advisory LLC lifted its position in Barrick Gold by 87.0% during the first quarter. RFG Advisory LLC now owns 41,002 shares of the gold and copper producer’s stock worth $682,000 after buying an additional 19,077 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Barrick Gold during the second quarter worth $934,000. Finally, Financial Sense Advisors Inc. increased its stake in shares of Barrick Gold by 142.1% in the 1st quarter. Financial Sense Advisors Inc. now owns 826,507 shares of the gold and copper producer’s stock worth $13,753,000 after acquiring an additional 485,077 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Trading Down 0.3 %

NYSE:GOLD opened at $20.86 on Tuesday. 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 company has a market capitalization of $36.56 billion, a PE ratio of 25.44, a P/E/G ratio of 0.47 and a beta of 0.55. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35. The stock’s 50 day moving average price is $20.08 and its 200 day moving average price is $18.26.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the company posted $0.19 EPS. Barrick Gold’s revenue was up 11.6% compared to the same quarter last year. On average, research analysts anticipate that Barrick Gold Corp will post 1.27 EPS for the current year.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, August 30th. Barrick Gold’s dividend payout ratio (DPR) is currently 48.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOLD. UBS Group increased their price objective on Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Raymond James lowered their target price on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Royal Bank of Canada upped their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Scotiabank increased their price objective on Barrick Gold from $23.00 to $25.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.60.

About Barrick Gold

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.