Barrick Gold (NYSE:GOLD) Stock Price Down 0.2%

Shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) fell 0.2% during trading on Tuesday . The company traded as low as $16.48 and last traded at $16.52. 2,451,133 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 21,666,150 shares. The stock had previously closed at $16.56.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOLD shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of Barrick Gold in a research report on Monday, March 4th. BMO Capital Markets lowered their price target on shares of Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.60.

Barrick Gold Trading Down 0.8 %

The company’s fifty day moving average price is $16.84 and its 200-day moving average price is $16.48. The stock has a market cap of $28.85 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 0.47 and a beta of 0.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.32 and a quick ratio of 2.49.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings data on Wednesday, May 1st. The gold and copper producer reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts expect that Barrick Gold Corp will post 1.08 EPS for the current fiscal year.

Barrick Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Barrick Gold’s previous quarterly dividend of $0.07. Barrick Gold’s dividend payout ratio is 48.78%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC raised its position in Barrick Gold by 7.9% during the second quarter. Confluence Investment Management LLC now owns 27,092 shares of the gold and copper producer’s stock valued at $452,000 after acquiring an additional 1,975 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Barrick Gold by 131.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,152 shares of the gold and copper producer’s stock worth $69,000 after purchasing an additional 2,358 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Barrick Gold by 4.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 146,833 shares of the gold and copper producer’s stock valued at $2,405,000 after purchasing an additional 5,646 shares in the last quarter. Clean Yield Group purchased a new stake in Barrick Gold during the first quarter worth $25,000. Finally, Cetera Advisors LLC grew its position in Barrick Gold by 103.4% during the first quarter. Cetera Advisors LLC now owns 45,087 shares of the gold and copper producer’s stock valued at $750,000 after buying an additional 22,921 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

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.