13,292 Shares in Barrick Gold Corp (NYSE:GOLD) Purchased by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC acquired a new stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,292 shares of the gold and copper producer’s stock, valued at approximately $264,000.

Other hedge funds have also modified their holdings of the company. Clean Yield Group bought a new position in Barrick Gold in the 1st quarter valued at $25,000. Exchange Traded Concepts LLC raised its stake in shares of Barrick Gold by 198.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after buying an additional 935 shares during the last quarter. Crewe Advisors LLC lifted its holdings in Barrick Gold by 628.8% in the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock valued at $30,000 after buying an additional 1,572 shares during the period. Jackson Grant Investment Advisers Inc. bought a new position in Barrick Gold in the second quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new stake in Barrick Gold during the 3rd quarter worth $32,000. 62.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GOLD shares. Scotiabank upped their price target 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. UBS Group lifted their price target on Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Raymond James lowered their price target on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, September 26th. Royal Bank of Canada lifted their target price on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average target price of $23.60.

Barrick Gold Price Performance

GOLD stock traded down $0.44 during mid-day trading on Friday, hitting $19.88. The stock had a trading volume of 12,390,204 shares, compared to its average volume of 21,055,563. The firm 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 52 week low of $13.76 and a 52 week high of $21.35. The company has a current ratio of 3.01, a quick ratio of 2.31 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $34.84 billion, a P/E ratio of 24.07, a P/E/G ratio of 0.47 and a beta of 0.55.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings data on Monday, August 12th. The gold and copper producer reported $0.32 EPS 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 the consensus estimate of $3.13 billion. Barrick Gold had a net margin of 12.78% and a return on equity of 5.53%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. As a group, research analysts forecast that Barrick Gold Corp will post 1.27 EPS for the current year.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.01%. Barrick Gold’s payout ratio 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.