Barrick Gold Corp (NYSE:GOLD) Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in shares of Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) by 43.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 106,636 shares of the gold and copper producer’s stock after acquiring an additional 32,179 shares during the quarter. Kestra Advisory Services LLC’s holdings in Barrick Gold were worth $1,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its holdings in shares of Barrick Gold by 355.1% in the third quarter. Hexagon Capital Partners LLC now owns 1,661 shares of the gold and copper producer’s stock valued at $26,000 after purchasing an additional 1,296 shares during the period. CoreCap Advisors LLC acquired a new position in shares of Barrick Gold in the second quarter valued at approximately $29,000. Optiver Holding B.V. increased its holdings in shares of Barrick Gold by 65.9% in the second quarter. Optiver Holding B.V. now owns 1,669 shares of the gold and copper producer’s stock valued at $30,000 after purchasing an additional 663 shares during the period. Janiczek Wealth Management LLC increased its holdings in shares of Barrick Gold by 760.8% in the second quarter. Janiczek Wealth Management LLC now owns 2,066 shares of the gold and copper producer’s stock valued at $33,000 after purchasing an additional 1,826 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in shares of Barrick Gold in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 56.82% of the company’s stock.

Barrick Gold Stock Up 1.3 %

GOLD opened at $18.97 on Monday. The business’s fifty day moving average is $17.29 and its two-hundred day moving average is $16.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 3.76. The company has a market cap of $33.30 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 11.51 and a beta of 0.28. Barrick Gold Corp has a one year low of $13.01 and a one year high of $26.07.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last posted its earnings results on Thursday, November 3rd. The gold and copper producer reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $3.09 billion. Barrick Gold had a return on equity of 5.34% and a net margin of 16.39%. Analysts anticipate that Barrick Gold Corp will post 0.76 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were given a $0.11 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.32%. Barrick Gold’s dividend payout ratio is currently 37.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on Barrick Gold from C$35.25 to C$33.00 in a report on Wednesday, October 19th. TD Securities decreased their price target on Barrick Gold from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Raymond James decreased their price target on Barrick Gold from $24.50 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. National Bank Financial lifted their price target on Barrick Gold from C$25.00 to C$30.00 in a research note on Friday, January 13th. Finally, Royal Bank of Canada decreased their price target on Barrick Gold from $27.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, November 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Barrick Gold presently has an average rating of “Moderate Buy” and a consensus price target of $23.99.

About Barrick Gold

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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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