Mark Sheptoff Financial Planning LLC Acquires Shares of 2,500 Barrick Gold Corp (NYSE:GOLD)

Mark Sheptoff Financial Planning LLC acquired a new stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,500 shares of the gold and copper producer’s stock, valued at approximately $45,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Barrick Gold during the 4th quarter worth $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Barrick Gold by 175.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,794 shares of the gold and copper producer’s stock worth $32,000 after purchasing an additional 1,143 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Barrick Gold during the 4th quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Barrick Gold during the 4th quarter worth $61,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Barrick Gold by 41.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,919 shares of the gold and copper producer’s stock worth $57,000 after buying an additional 1,142 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Price Performance

Shares of Barrick Gold stock traded down $0.17 during mid-day trading on Thursday, reaching $17.12. 13,755,414 shares of the stock were exchanged, compared to its average volume of 22,137,676. The company has a market cap of $30.06 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 0.46 and a beta of 0.59. The company has a current ratio of 3.32, a quick ratio of 2.49 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $16.84 and a 200 day simple moving average of $16.43. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $18.95.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its earnings results on Wednesday, May 1st. The gold and copper producer reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $2.75 billion during 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%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. On average, sell-side analysts predict that Barrick Gold Corp will post 1.01 EPS for the current fiscal year.

Barrick Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Barrick Gold’s previous quarterly dividend of $0.07. Barrick Gold’s dividend payout ratio (DPR) is presently 48.78%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GOLD shares. Jefferies Financial Group started coverage on shares of Barrick Gold in a report on Thursday, February 29th. They set a “buy” rating and a $21.00 price objective for the company. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Barrick Gold in a report on Monday, April 8th. Scotiabank reduced their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Tuesday, February 20th. CIBC reduced their price target on shares of Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Argus reissued a “hold” rating on shares of Barrick Gold in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.60.

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.