Barrick Gold Corp (NYSE:GOLD) Shares Sold by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. lessened its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,657 shares of the gold and copper producer’s stock after selling 10,526 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Barrick Gold were worth $518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GOLD. Stratos Wealth Partners LTD. increased its position in shares of Barrick Gold by 5.3% in the third quarter. Stratos Wealth Partners LTD. now owns 13,714 shares of the gold and copper producer’s stock worth $200,000 after acquiring an additional 689 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new stake in Barrick Gold in the 3rd quarter worth approximately $204,000. Oak Asset Management LLC boosted its stake in shares of Barrick Gold by 21.9% during the 3rd quarter. Oak Asset Management LLC now owns 44,250 shares of the gold and copper producer’s stock valued at $644,000 after buying an additional 7,950 shares during the period. B&D White Capital Company LLC purchased a new position in shares of Barrick Gold during the 3rd quarter valued at $166,000. Finally, Skylands Capital LLC increased its stake in shares of Barrick Gold by 12.8% in the third quarter. Skylands Capital LLC now owns 240,150 shares of the gold and copper producer’s stock worth $3,494,000 after acquiring an additional 27,300 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Trading Down 0.5 %

Shares of GOLD stock opened at $16.46 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 3.16. The firm has a fifty day moving average of $16.34 and a 200-day moving average of $16.35. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $20.75. The stock has a market cap of $28.90 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 1.44 and a beta of 0.59.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Barrick Gold had a net margin of 12.58% and a return on equity of 4.89%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Barrick Gold Corp will post 0.95 earnings per share for the current fiscal year.

Barrick Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.10 dividend. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, May 31st. This represents a $0.40 annualized dividend and a yield of 2.43%. Barrick Gold’s payout ratio is currently 48.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Argus reiterated a “hold” rating on shares of Barrick Gold in a report on Monday, February 26th. BMO Capital Markets cut their target price on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. TD Securities decreased their target price on Barrick Gold from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 16th. StockNews.com raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.60.

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.