Signaturefd LLC Acquires 2,415 Shares of Barrick Gold Corp (NYSE:GOLD)

Signaturefd LLC lifted its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,340 shares of the gold and copper producer’s stock after purchasing an additional 2,415 shares during the period. Signaturefd LLC’s holdings in Barrick Gold were worth $641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GOLD. Principal Financial Group Inc. grew its holdings in Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after acquiring an additional 80,366 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Barrick Gold by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,073,717 shares of the gold and copper producer’s stock worth $78,637,000 after acquiring an additional 128,203 shares during the last quarter. Crocodile Capital Partners GmbH grew its holdings in Barrick Gold by 97.3% in the 4th quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock worth $22,630,000 after acquiring an additional 720,000 shares during the last quarter. Chiron Investment Management LLC grew its holdings in Barrick Gold by 36.5% in the 3rd quarter. Chiron Investment Management LLC now owns 604,199 shares of the gold and copper producer’s stock worth $12,018,000 after acquiring an additional 161,688 shares during the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Barrick Gold in the 4th quarter worth $700,000. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOLD shares. CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Raymond James dropped their target price on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Scotiabank raised their target price on shares of Barrick Gold from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 18th. Bank of America cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $21.00 to $18.00 in a research report on Monday, January 27th. Finally, UBS Group raised shares of Barrick Gold from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Barrick Gold Trading Up 0.4 %

Shares of NYSE GOLD opened at $19.41 on Thursday. Barrick Gold Corp has a 1 year low of $0.25 and a 1 year high of $21.35. The stock has a market cap of $33.49 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 0.44 and a beta of 0.58. The firm has a 50-day moving average of $17.37 and a 200 day moving average of $18.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.15.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 expect that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.06%. Barrick Gold’s dividend payout ratio is currently 32.52%.

Barrick Gold announced that its board has authorized a share repurchase plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the gold and copper producer to purchase up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.