S.A. Mason LLC Buys 2,020 Shares of Barrick Gold Corp (NYSE:GOLD)

S.A. Mason LLC increased its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 7.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,570 shares of the gold and copper producer’s stock after acquiring an additional 2,020 shares during the quarter. S.A. Mason LLC’s holdings in Barrick Gold were worth $499,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GOLD. Cheyne Capital Management UK LLP purchased a new stake in shares of Barrick Gold during the 3rd quarter valued at $2,910,000. Klein Pavlis & Peasley Financial Inc. bought a new position in Barrick Gold during the fourth quarter valued at about $1,331,000. Gateway Investment Advisers LLC raised its position in Barrick Gold by 204.2% in the fourth quarter. Gateway Investment Advisers LLC now owns 249,017 shares of the gold and copper producer’s stock worth $4,505,000 after acquiring an additional 167,145 shares during the period. Massachusetts Financial Services Co. MA raised its position in Barrick Gold by 53.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 524,618 shares of the gold and copper producer’s stock worth $7,633,000 after acquiring an additional 183,076 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Barrick Gold by 10.9% in the third quarter. Mackenzie Financial Corp now owns 17,995,217 shares of the gold and copper producer’s stock valued at $255,406,000 after acquiring an additional 1,769,110 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Stock Performance

NYSE:GOLD opened at $16.21 on Thursday. Barrick Gold Corp has a twelve month low of $13.76 and a twelve 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 stock has a market cap of $28.46 billion, a P/E ratio of 22.51, a PEG ratio of 1.21 and a beta of 0.57. The business’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $16.04.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 earnings per share 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 period last year, the firm posted $0.13 earnings per share. As a group, equities analysts predict that Barrick Gold Corp will post 0.9 EPS for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.074 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 annualized dividend and a yield of 1.83%. Barrick Gold’s dividend payout ratio (DPR) is presently 55.56%.

Analysts Set New Price Targets

A number of research firms recently commented on GOLD. StockNews.com raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Jefferies Financial Group began coverage on Barrick Gold in a research note on Thursday, February 29th. They set a “buy” rating and a $21.00 price target for the company. Raymond James lowered their price objective on Barrick Gold from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Scotiabank reduced their target price on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research note on Tuesday, February 20th. Finally, TD Securities dropped their price target on shares of Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.05.

About Barrick Gold

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.