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

Cerity Partners LLC grew its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 18.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,260 shares of the gold and copper producer’s stock after buying an additional 7,349 shares during the quarter. Cerity Partners LLC’s holdings in Barrick Gold were worth $855,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in GOLD. Sequoia Financial Advisors LLC increased its stake in Barrick Gold by 20.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,602 shares of the gold and copper producer’s stock valued at $228,000 after purchasing an additional 2,112 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Barrick Gold by 0.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 853,079 shares of the gold and copper producer’s stock valued at $15,432,000 after buying an additional 7,000 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Barrick Gold by 13.2% during the 4th quarter. Bleakley Financial Group LLC now owns 21,876 shares of the gold and copper producer’s stock worth $396,000 after acquiring an additional 2,551 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Barrick Gold by 3.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 141,187 shares of the gold and copper producer’s stock worth $2,544,000 after acquiring an additional 4,350 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd boosted its stake in Barrick Gold by 14.8% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 8,270,809 shares of the gold and copper producer’s stock valued at $149,618,000 after acquiring an additional 1,067,030 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. CIBC cut their target price on shares of Barrick Gold from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Scotiabank decreased their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Tuesday, February 20th. TD Securities dropped their price objective on shares of Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Finally, Raymond James decreased their target price on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.06.

Barrick Gold Stock Down 4.0 %

GOLD opened at $16.42 on Tuesday. The business has a 50 day simple moving average of $15.94 and a 200-day simple moving average of $16.27. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $20.75. The stock has a market capitalization of $28.83 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.59 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.16 and a quick ratio of 2.40.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities analysts anticipate that Barrick Gold Corp will post 0.9 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.80%. Barrick Gold’s payout ratio is 55.56%.

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.