Barrick Gold Corp (NYSE:GOLD) Shares Acquired by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC increased its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 451.7% in the third quarter, HoldingsChannel.com reports. The firm owned 1,909 shares of the gold and copper producer’s stock after buying an additional 1,563 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Barrick Gold were worth $38,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. First Trust Direct Indexing L.P. raised its holdings in Barrick Gold by 26.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 25,044 shares of the gold and copper producer’s stock worth $498,000 after purchasing an additional 5,235 shares during the period. Boston Financial Mangement LLC raised its holdings in Barrick Gold by 0.9% in the 3rd quarter. Boston Financial Mangement LLC now owns 107,000 shares of the gold and copper producer’s stock worth $2,128,000 after purchasing an additional 1,000 shares during the period. Asahi Life Asset Management CO. LTD. acquired a new position in Barrick Gold in the 3rd quarter worth about $335,000. Leuthold Group LLC acquired a new position in Barrick Gold in the 3rd quarter worth about $3,439,000. Finally, Klein Pavlis & Peasley Financial Inc. raised its holdings in Barrick Gold by 2.5% in the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 58,181 shares of the gold and copper producer’s stock worth $1,157,000 after purchasing an additional 1,414 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Analyst Ratings Changes

GOLD has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Raymond James cut their price objective on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. CIBC boosted their price objective on Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday, August 29th. Finally, Scotiabank boosted their price objective on Barrick Gold from $23.00 to $25.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Barrick Gold Price Performance

GOLD stock opened at $19.05 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.01 and a quick ratio of 2.31. The business has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $18.39. The firm has a market capitalization of $33.30 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly 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. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a return on equity of 5.53% and a net margin of 12.78%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. Equities research analysts anticipate that Barrick Gold Corp will post 1.29 earnings per share for the current fiscal year.

Barrick Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 2.10%. Barrick Gold’s payout ratio is 46.51%.

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.