Vigilare Wealth Management Acquires Shares of 20,151 Barrick Gold Corp (NYSE:GOLD)

Vigilare Wealth Management bought a new position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 20,151 shares of the gold and copper producer’s stock, valued at approximately $341,000.

Several other institutional investors also recently made changes to their positions in the stock. Brookstone Capital Management boosted its position in shares of Barrick Gold by 6.8% during the 2nd quarter. Brookstone Capital Management now owns 16,508 shares of the gold and copper producer’s stock worth $270,000 after purchasing an additional 1,044 shares in the last quarter. Bard Financial Services Inc. boosted its position in shares of Barrick Gold by 4.8% during the 2nd quarter. Bard Financial Services Inc. now owns 32,625 shares of the gold and copper producer’s stock worth $552,000 after purchasing an additional 1,500 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Barrick Gold by 445.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 318,848 shares of the gold and copper producer’s stock worth $5,401,000 after buying an additional 260,430 shares in the last quarter. Level Four Advisory Services LLC boosted its position in shares of Barrick Gold by 30.2% in the 2nd quarter. Level Four Advisory Services LLC now owns 38,396 shares of the gold and copper producer’s stock worth $650,000 after buying an additional 8,899 shares in the last quarter. Finally, AE Wealth Management LLC boosted its position in shares of Barrick Gold by 82.9% in the 2nd quarter. AE Wealth Management LLC now owns 125,313 shares of the gold and copper producer’s stock worth $2,122,000 after buying an additional 56,787 shares in the last quarter. 58.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GOLD shares. Cormark upgraded shares of Barrick Gold from a “market perform” rating to a “buy” rating in a research report on Wednesday, August 9th. BMO Capital Markets upped their target price on shares of Barrick Gold from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, CSFB reduced their target price on shares of Barrick Gold from $22.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.48.

Barrick Gold Trading Up 1.9 %

Shares of NYSE GOLD traded up $0.31 on Friday, reaching $16.64. 17,895,088 shares of the company traded hands, compared to its average volume of 15,763,702. Barrick Gold Corp has a fifty-two week low of $13.01 and a fifty-two week high of $20.75. The company has a 50 day moving average of $16.54 and a 200 day moving average of $14.05. The company has a current ratio of 2.71, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $29.21 billion, a PE ratio of -416.00, a P/E/G ratio of 9.80 and a beta of 0.38.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings data on Tuesday, August 8th. The gold and copper producer reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Barrick Gold had a net margin of 1.06% and a return on equity of 3.46%. The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the company posted $0.24 EPS. On average, equities research analysts forecast that Barrick Gold Corp will post 0.98 earnings per share for the current fiscal year.

Barrick Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, August 30th. This is an increase from Barrick Gold’s previous quarterly dividend of $0.07. Barrick Gold’s dividend payout ratio is -1,000.00%.

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.