44,849 Shares in Barrick Gold Corp (NYSE:GOLD) Bought by Everpar Advisors LLC

Everpar Advisors LLC acquired a new position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,849 shares of the gold and copper producer’s stock, valued at approximately $811,000.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in Barrick Gold by 35.0% during the 3rd quarter. Wellington Management Group LLP now owns 63,551,991 shares of the gold and copper producer’s stock worth $925,121,000 after acquiring an additional 16,485,756 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Barrick Gold by 9.7% during the fourth quarter. Van ECK Associates Corp now owns 80,933,517 shares of the gold and copper producer’s stock valued at $1,464,070,000 after buying an additional 7,150,142 shares during the last quarter. FMR LLC raised its position in shares of Barrick Gold by 12.2% during the third quarter. FMR LLC now owns 43,399,480 shares of the gold and copper producer’s stock valued at $631,228,000 after buying an additional 4,731,559 shares during the last quarter. Ninety One UK Ltd raised its position in shares of Barrick Gold by 13.2% during the fourth quarter. Ninety One UK Ltd now owns 16,022,022 shares of the gold and copper producer’s stock valued at $289,838,000 after buying an additional 1,870,059 shares during the last quarter. Finally, Addenda Capital Inc. raised its position in shares of Barrick Gold by 88.1% during the fourth quarter. Addenda Capital Inc. now owns 3,105,335 shares of the gold and copper producer’s stock valued at $56,176,000 after buying an additional 1,454,220 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOLD has been the subject of a number of research analyst reports. Raymond James cut their price objective on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. National Bank Financial reissued a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. Sanford C. Bernstein cut shares of Barrick Gold from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Argus reissued a “hold” rating on shares of Barrick Gold in a research note on Monday, February 26th. Finally, StockNews.com raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.60.

Barrick Gold Trading Up 0.5 %

NYSE GOLD traded up $0.09 during trading hours on Tuesday, hitting $16.76. The company’s stock had a trading volume of 12,729,067 shares, compared to its average volume of 22,913,926. The stock has a fifty day moving average of $16.43 and a 200 day moving average of $16.35. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $20.26. The firm has a market capitalization of $29.42 billion, a P/E ratio of 20.44, a PEG ratio of 1.44 and a beta of 0.59. The company has a quick ratio of 2.49, a current ratio of 3.32 and a debt-to-equity ratio of 0.15.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Barrick Gold’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, May 31st. Barrick Gold’s dividend payout ratio (DPR) is currently 48.78%.

Barrick Gold 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.