D.A. Davidson & CO. Has $1.54 Million Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

D.A. Davidson & CO. increased its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 32.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,048 shares of the gold and copper producer’s stock after buying an additional 24,145 shares during the quarter. D.A. Davidson & CO.’s holdings in Barrick Gold were worth $1,535,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Barrick Gold by 19.9% during the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after buying an additional 80,366 shares in the last quarter. Mizuho Markets Americas LLC grew its position in Barrick Gold by 21.7% during the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock worth $46,097,000 after buying an additional 413,012 shares in the last quarter. Entropy Technologies LP acquired a new stake in Barrick Gold during the third quarter worth about $3,711,000. Aigen Investment Management LP lifted its stake in Barrick Gold by 330.5% during the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock worth $1,974,000 after purchasing an additional 76,186 shares during the period. Finally, Crocodile Capital Partners GmbH lifted its stake in Barrick Gold by 97.3% during the fourth quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock worth $22,630,000 after purchasing an additional 720,000 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Stock Performance

NYSE:GOLD opened at $18.31 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $16.38 and a 200-day moving average of $18.18. Barrick Gold Corp has a 1 year low of $14.27 and a 1 year high of $21.35. The stock has a market capitalization of $31.61 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 0.44 and a beta of 0.55.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings data on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. As a group, sell-side analysts anticipate that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold declared that its board has authorized a stock repurchase program on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the gold and copper producer to buy up to 3.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is presently 32.52%.

Wall Street Analysts Forecast Growth

GOLD has been the subject of a number of analyst reports. Bank of America cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $18.00 in a research note on Monday, January 27th. Berenberg Bank raised their price target on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. TD Securities cut their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Finally, Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Barrick Gold 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.