Barrick Gold Corp (NYSE:GOLD) Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its stake in Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) by 36.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,216 shares of the gold and copper producer’s stock after selling 11,536 shares during the quarter. Walleye Capital LLC’s holdings in Barrick Gold were worth $496,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOLD. Capital World Investors raised its stake in shares of Barrick Gold by 12.3% in the 1st quarter. Capital World Investors now owns 72,051,877 shares of the gold and copper producer’s stock valued at $1,767,341,000 after acquiring an additional 7,901,325 shares during the period. Snider Financial Group acquired a new position in Barrick Gold during the first quarter worth $185,000. Wellington Management Group LLP boosted its position in shares of Barrick Gold by 40.8% during the first quarter. Wellington Management Group LLP now owns 17,824,320 shares of the gold and copper producer’s stock worth $437,387,000 after buying an additional 5,164,698 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Barrick Gold by 61.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,689,798 shares of the gold and copper producer’s stock valued at $262,092,000 after buying an additional 4,053,826 shares in the last quarter. Finally, Ninety One UK Ltd raised its holdings in shares of Barrick Gold by 79.7% in the 1st quarter. Ninety One UK Ltd now owns 8,975,948 shares of the gold and copper producer’s stock valued at $220,180,000 after buying an additional 3,982,285 shares during the period. Hedge funds and other institutional investors own 58.03% of the company’s stock.

Barrick Gold Price Performance

Shares of NYSE GOLD opened at $15.07 on Friday. The stock’s 50-day simple moving average is $15.67 and its 200-day simple moving average is $19.63. The firm has a market capitalization of $26.68 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 7.34 and a beta of 0.33. Barrick Gold Corp has a fifty-two week low of $14.53 and a fifty-two week high of $26.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.19 and a current ratio of 3.95.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last released its quarterly earnings data on Monday, August 8th. The gold and copper producer reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. Barrick Gold had a net margin of 16.87% and a return on equity of 5.95%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts forecast that Barrick Gold Corp will post 1.02 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.156 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.62 annualized dividend and a yield of 4.14%. Barrick Gold’s dividend payout ratio is presently 35.40%.

Wall Street Analysts Forecast Growth

GOLD has been the subject of a number of research analyst reports. National Bank Financial lowered their target price on Barrick Gold from C$34.00 to C$26.00 in a report on Thursday, July 21st. The Goldman Sachs Group began coverage on shares of Barrick Gold in a report on Monday, September 12th. They issued a “neutral” rating and a $18.00 price objective for the company. BMO Capital Markets raised their price target on shares of Barrick Gold from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, August 9th. Stifel Nicolaus cut their price objective on Barrick Gold from C$41.00 to C$35.25 in a research report on Wednesday, July 20th. Finally, TheStreet cut Barrick Gold from a “b-” rating to a “c+” rating in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.17.

Barrick Gold Profile

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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.

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Institutional Ownership by Quarter for Barrick Gold (NYSE:GOLD)

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