Edmond DE Rothschild Holding S.A. Has $348,000 Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Edmond DE Rothschild Holding S.A. reduced its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 22.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,485 shares of the gold and copper producer’s stock after selling 6,440 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Barrick Gold were worth $348,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Chelsea Counsel Co. raised its position in Barrick Gold by 1.4% in the 3rd quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer’s stock valued at $855,000 after buying an additional 590 shares during the last quarter. VisionPoint Advisory Group LLC grew its stake in shares of Barrick Gold by 6.7% during the 4th quarter. VisionPoint Advisory Group LLC now owns 14,051 shares of the gold and copper producer’s stock worth $224,000 after acquiring an additional 880 shares in the last quarter. Bangor Savings Bank raised its holdings in shares of Barrick Gold by 4.5% in the fourth quarter. Bangor Savings Bank now owns 22,025 shares of the gold and copper producer’s stock valued at $341,000 after purchasing an additional 956 shares during the last quarter. Confluence Investment Management LLC lifted its position in shares of Barrick Gold by 3.4% in the fourth quarter. Confluence Investment Management LLC now owns 29,751 shares of the gold and copper producer’s stock worth $461,000 after purchasing an additional 974 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in Barrick Gold by 3.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 30,510 shares of the gold and copper producer’s stock worth $473,000 after purchasing an additional 1,035 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stifel Canada upgraded shares of Barrick Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Scotiabank upped their target price on Barrick Gold from $19.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 18th. TD Securities decreased their price target on Barrick Gold from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Raymond James upped their price objective on Barrick Gold from $23.00 to $23.50 and gave the stock an “outperform” rating in a research note on Monday. Finally, UBS Group raised shares of Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, March 5th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.71.

Barrick Gold Stock Up 1.2 %

Barrick Gold stock opened at $19.67 on Wednesday. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $33.95 billion, a PE ratio of 16.00, a PEG ratio of 0.44 and a beta of 0.58. The firm’s fifty day moving average is $17.99 and its 200 day moving average is $18.01. Barrick Gold Corp has a 12-month low of $15.11 and a 12-month high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. As a group, sell-side analysts predict that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 2.03%. Barrick Gold’s payout ratio is currently 32.52%.

Barrick Gold declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the gold and copper producer to buy up to 3.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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.