Strs Ohio lowered its stake in shares of Barrick Gold Corp (NYSE:GOLD – Get Rating) (TSE:ABX) by 32.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,295,748 shares of the gold and copper producer’s stock after selling 628,442 shares during the period. Strs Ohio owned 0.07% of Barrick Gold worth $22,258,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in GOLD. Hexagon Capital Partners LLC boosted its position in shares of Barrick Gold by 355.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,661 shares of the gold and copper producer’s stock valued at $26,000 after acquiring an additional 1,296 shares during the last quarter. RFP Financial Group LLC purchased a new stake in shares of Barrick Gold during the 4th quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new position in Barrick Gold in the second quarter valued at approximately $35,000. FNY Investment Advisers LLC grew its position in Barrick Gold by 82.2% in the fourth quarter. FNY Investment Advisers LLC now owns 2,150 shares of the gold and copper producer’s stock worth $36,000 after acquiring an additional 970 shares during the period. Finally, Fairfield Bush & CO. acquired a new stake in Barrick Gold during the first quarter worth $42,000. 56.82% of the stock is currently owned by hedge funds and other institutional investors.
Barrick Gold Trading Up 0.3 %
GOLD opened at $19.73 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.71 and a quick ratio of 2.14. The stock has a market capitalization of $34.63 billion, a price-to-earnings ratio of 82.21, a PEG ratio of 8.94 and a beta of 0.33. The business has a fifty day moving average price of $17.69 and a 200 day moving average price of $16.88. Barrick Gold Corp has a 12 month low of $13.01 and a 12 month high of $25.99.
Barrick Gold (NYSE:GOLD – Get Rating) (TSE:ABX) last released its earnings results on Wednesday, February 15th. The gold and copper producer reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Barrick Gold had a net margin of 3.92% and a return on equity of 4.12%. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 16.2% compared to the same quarter last year. Sell-side analysts expect that Barrick Gold Corp will post 0.89 earnings per share for the current fiscal year.
Barrick Gold Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.03%. Barrick Gold’s payout ratio is 166.67%.
Wall Street Analysts Forecast Growth
GOLD has been the topic of several recent analyst reports. BNP Paribas lowered Barrick Gold from an “outperform” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Monday, February 13th. National Bank Financial decreased their price objective on shares of Barrick Gold from C$29.00 to C$28.00 in a report on Thursday, February 23rd. Fundamental Research set a $19.02 target price on shares of Barrick Gold and gave the company a “buy” rating in a report on Tuesday, March 7th. Barclays upped their price target on Barrick Gold from $23.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday, January 30th. Finally, Raymond James dropped their price objective on Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, February 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average price target of $23.60.
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.