Barrick Gold Corp (NYSE:GOLD) Position Cut by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lessened its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,194 shares of the gold and copper producer’s stock after selling 675 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Barrick Gold were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management grew its position in Barrick Gold by 2.8% in the 3rd quarter. Ritholtz Wealth Management now owns 18,163 shares of the gold and copper producer’s stock worth $361,000 after purchasing an additional 502 shares during the last quarter. Greenleaf Trust increased its position in Barrick Gold by 2.1% in the 3rd quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer’s stock valued at $510,000 after acquiring an additional 540 shares during the period. Silverlake Wealth Management LLC raised its stake in Barrick Gold by 1.3% during the 3rd quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer’s stock valued at $992,000 after acquiring an additional 628 shares in the last quarter. Whitener Capital Management Inc. boosted its position in Barrick Gold by 0.9% during the 3rd quarter. Whitener Capital Management Inc. now owns 73,185 shares of the gold and copper producer’s stock worth $1,456,000 after acquiring an additional 675 shares during the period. Finally, apricus wealth LLC grew its stake in shares of Barrick Gold by 0.6% in the third quarter. apricus wealth LLC now owns 112,850 shares of the gold and copper producer’s stock worth $2,245,000 after purchasing an additional 710 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Stock Up 0.4 %

Shares of NYSE:GOLD opened at $16.85 on Friday. The firm has a 50 day simple moving average of $19.79 and a 200 day simple moving average of $18.48. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. The company has a market cap of $29.45 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 0.40 and a beta of 0.56.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Barrick Gold had a return on equity of 5.82% and a net margin of 13.19%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, research analysts expect that Barrick Gold Corp will post 1.29 earnings per share for the current year.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%. Barrick Gold’s payout ratio is presently 43.01%.

Analysts Set New Price Targets

GOLD has been the subject of several research analyst reports. 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. Raymond James lowered 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 note on Thursday, September 26th. TD Securities cut their target price on Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.90.

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.