Raymond James Financial Services Advisors, Inc. closed shares of Barrick Gold Corp (NYSE:GOLD – free report) (TSE:ABX) in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission. increased its stake by 4.1%. (SEC). The institutional investor held 427,252 shares in the gold and copper producer after purchasing an additional 16,875 shares during the quarter. Barrick Gold’s stake in Raymond James Financial Services Advisors was valued at $7,934,000 at the time of the latest SEC filing.
Other institutional investors and hedge funds have also recently added or reduced stakes in the company. CoreCap Advisors LLC purchased new shares of Barrick Gold worth approximately $25,000 during the fourth quarter. RFP Financial Group LLC purchased new shares of Barrick Gold worth approximately $30,000 during the fourth quarter. FNY Investment Advisers LLC increased its Barrick Gold holding by 82.2% in the fourth quarter. FNY Investment Advisors LLC purchased an additional 970 shares last quarter and now owns 2,150 shares of the gold and copper producer worth $36,000. Resurgent Financial Advisors LLC purchased new shares of Barrick Gold worth approximately $36,000 during the fourth quarter. Finally, FWL Investment Management LLC purchased new shares of Barrick Gold stock worth approximately $36,000 in the fourth quarter. Institutional investors own 55.45% of the company’s shares.
Barrick Gold stock performance
NYSE:GOLD opened at $16.93 on Monday. The company has a debt to equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 2.71. Its 50-day moving average is $13.36 and its 200-day moving average is $12.58. The stock has a market cap of $29.72 billion, trades at 282.17 times earnings, 9.80 times earnings, and a 0.34 times beta. Barrick Gold Corp hit a 52-week low of $13.01 and a 52-week high of $20.75.
Barrick Gold (NYSE:GOLD – Free Report) (TSE:ABX) last released quarterly earnings data on Wednesday, May 3rd. Gold and copper producers reported earnings per share of $0.14 for the quarter, beating analyst consensus forecasts of $0.11 by $0.03. The company’s revenue for the quarter was $2.64 billion, compared with analysts’ expectations of $2.57 billion. Barrick Gold’s net margin was 1.06% and return on equity was 3.46%. The company’s revenue for the quarter fell 7.4% year-on-year. Earnings per share for the business in the same period last year were $0.26. Research analysts expect the group as a whole to post earnings per share of $0.98 for Barrick Gold this fiscal year.
Barrick Gold cuts dividend
The company also recently announced its quarterly dividend, which was paid on Thursday, June 15. The shareholder of record on Wednesday, May 31 was given a dividend of $0.074 per share for him. This equates to his $0.30 dividend and his 1.75% yield on an annualized basis. The ex-dividend date was Tuesday, May 30. Barrick Gold’s dividend payout ratio is currently 666.67%.
Wall Street analysts forecast growth
GOLD has recently been the subject of several research reports. StockNews.com began covering Barrick Gold shares in a report on Thursday, March 16th. They issued a “hold” rating to the company. Stifel Nikolaus raised his price target on Barrick Gold shares to C$30.00 from C$29.00 in a research report on Thursday, April 20. Barclays raised its target price on Barrick Gold shares from $26.00 to $28.00 in a research report on Friday 21 April, giving the stock an Overweight rating. Goldman Sachs Group Inc. raised its price target on Barrick Gold shares to $22.00 from $19.00 in its research report on Friday, April 21, giving the stock a “neutral” rating. Finally, National Bank Financial raised its price target on Barrick Gold shares to C$32.00 from C$28.00 in a report on Tuesday, April 18. Three analysts rate the stock as a hold, while six rate it as a buy. The stock has an average Buy Moderate rating and a consensus price target of $22.52, according to Marketbeat.
Barrick Gold Company Profile
(free report)
Barrick Gold Corporation is a leading gold and copper producer. The company’s stock trades on the New York Stock Exchange under the symbol GOLD and on the Toronto Stock Exchange under the symbol ABX. Barrick merged with Randgold Resources in January 2019, and in July of the same year merged its own gold mine in Nevada, USA and the gold mine of Newmont Corporation into a joint venture, Nevada Gold Mines. It is majority owned and operated by Barrick.
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