Barrick Gold Corp (NYSE:GOLD) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. cut its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,099 shares of the gold and copper producer’s stock after selling 1,480 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Barrick Gold were worth $526,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Barrick Gold by 35.0% in the third quarter. Wellington Management Group LLP now owns 63,551,991 shares of the gold and copper producer’s stock valued at $925,121,000 after purchasing an additional 16,485,756 shares during the last quarter. Vanguard Group Inc. boosted its position in Barrick Gold by 1.6% during the third quarter. Vanguard Group Inc. now owns 62,567,785 shares of the gold and copper producer’s stock worth $910,361,000 after acquiring an additional 956,452 shares during the last quarter. FMR LLC boosted its position in Barrick Gold by 12.2% during the third quarter. FMR LLC now owns 43,399,480 shares of the gold and copper producer’s stock worth $631,228,000 after acquiring an additional 4,731,559 shares during the last quarter. BlackRock Inc. boosted its position in Barrick Gold by 13.9% during the first quarter. BlackRock Inc. now owns 42,464,736 shares of the gold and copper producer’s stock worth $788,570,000 after acquiring an additional 5,188,456 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Barrick Gold by 6.3% during the fourth quarter. Mackenzie Financial Corp now owns 21,129,740 shares of the gold and copper producer’s stock worth $361,616,000 after acquiring an additional 1,254,531 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Trading Up 0.7 %

Shares of GOLD stock traded up $0.12 during mid-day trading on Friday, reaching $17.10. The company’s stock had a trading volume of 25,611,702 shares, compared to its average volume of 27,839,204. The company’s 50 day simple moving average is $15.91 and its 200-day simple moving average is $16.24. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $20.75. The company has a quick ratio of 2.40, a current ratio of 3.16 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $30.02 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm posted $0.13 EPS. On average, research analysts predict that Barrick Gold Corp will post 0.9 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.074 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s dividend payout ratio is presently 55.56%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GOLD shares. Scotiabank decreased their target price on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, February 20th. BMO Capital Markets decreased their target price on shares of Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James decreased their target price on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Royal Bank of Canada restated an “outperform” rating and set a $18.00 target price on shares of Barrick Gold in a research report on Monday, March 4th. Finally, Sanford C. Bernstein lowered shares of Barrick Gold from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Barrick Gold presently has an average rating of “Moderate Buy” and an average price target of $20.82.

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.