Barrick Gold Corp (NYSE:GOLD) Holdings Lowered by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC trimmed its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,865 shares of the gold and copper producer’s stock after selling 3,360 shares during the period. Capital Asset Advisory Services LLC’s holdings in Barrick Gold were worth $2,427,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Barrick Gold during the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC raised its position in Barrick Gold by 175.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,794 shares of the gold and copper producer’s stock valued at $32,000 after buying an additional 1,143 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Barrick Gold in the 4th quarter worth about $35,000. Mark Sheptoff Financial Planning LLC acquired a new position in Barrick Gold in the 4th quarter worth about $45,000. Finally, Optiver Holding B.V. acquired a new position in Barrick Gold in the 4th quarter worth about $46,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GOLD shares. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a research report on Monday, April 8th. Jefferies Financial Group started coverage on Barrick Gold in a research report on Thursday, February 29th. They issued a “buy” rating and a $21.00 target price on the stock. BMO Capital Markets dropped their target price on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 target price on shares of Barrick Gold in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.60.

Barrick Gold Price Performance

Shares of Barrick Gold stock traded down $0.17 during midday trading on Friday, hitting $16.67. 13,270,405 shares of the company were exchanged, compared to its average volume of 21,921,693. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.32 and a quick ratio of 2.49. The firm has a market cap of $29.27 billion, a P/E ratio of 20.51, a PEG ratio of 0.48 and a beta of 0.59. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $18.95. The firm has a 50 day simple moving average of $16.85 and a 200-day simple moving average of $16.48.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. Barrick Gold had a return on equity of 4.88% and a net margin of 12.58%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company earned $0.14 EPS. Barrick Gold’s revenue was up 3.9% on a year-over-year basis. Research analysts forecast that Barrick Gold Corp will post 1.06 earnings per share for the current year.

Barrick Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, May 31st. Barrick Gold’s dividend payout ratio (DPR) is currently 48.78%.

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.