Barrick Gold Corp (NYSE:GOLD) Shares Sold by Capital International Sarl

Capital International Sarl lessened its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 43.5% in the first quarter, Holdings Channel.com reports. The firm owned 80,670 shares of the gold and copper producer’s stock after selling 62,053 shares during the period. Capital International Sarl’s holdings in Barrick Gold were worth $1,342,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GOLD. S.A. Mason LLC raised its holdings in Barrick Gold by 7.9% in the fourth quarter. S.A. Mason LLC now owns 27,570 shares of the gold and copper producer’s stock valued at $499,000 after acquiring an additional 2,020 shares in the last quarter. A. D. Beadell Investment Counsel Inc. raised its stake in Barrick Gold by 1.2% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 59,825 shares of the gold and copper producer’s stock valued at $1,082,000 after buying an additional 700 shares in the last quarter. FLC Capital Advisors lifted its holdings in Barrick Gold by 9.6% during the 4th quarter. FLC Capital Advisors now owns 14,860 shares of the gold and copper producer’s stock worth $269,000 after buying an additional 1,300 shares during the last quarter. Uncommon Cents Investing LLC grew its position in shares of Barrick Gold by 1.7% in the 4th quarter. Uncommon Cents Investing LLC now owns 119,265 shares of the gold and copper producer’s stock worth $2,158,000 after acquiring an additional 2,040 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC bought a new stake in shares of Barrick Gold in the 4th quarter valued at approximately $380,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Stock Performance

Barrick Gold stock traded up $0.06 during mid-day trading on Friday, hitting $17.78. 21,081,749 shares of the company’s stock traded hands, compared to its average volume of 21,845,111. Barrick Gold Corp has a one year low of $13.76 and a one year high of $19.45. The company has a market cap of $31.16 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 0.49 and a beta of 0.51. The firm has a 50 day moving average price of $17.25 and a 200 day moving average price of $16.51. The company has a quick ratio of 2.49, a current ratio of 3.32 and a debt-to-equity ratio of 0.15.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. Barrick Gold’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. On average, equities analysts forecast that Barrick Gold Corp will post 1.16 EPS for the current year.

Barrick Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a dividend of $0.10 per share. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, May 31st. Barrick Gold’s dividend payout ratio (DPR) is presently 48.78%.

Analyst Ratings Changes

A number of equities analysts have commented on GOLD shares. CIBC lifted their price objective on shares of Barrick Gold from $23.00 to $27.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, July 12th. National Bank Financial reissued a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. Finally, BMO Capital Markets dropped their price target on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and a consensus price target of $22.20.

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.