Signaturefd LLC Acquires 3,155 Shares of Barrick Gold Corp (NYSE:GOLD)

Signaturefd LLC lifted its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 7.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 43,485 shares of the gold and copper producer’s stock after buying an additional 3,155 shares during the period. Signaturefd LLC’s holdings in Barrick Gold were worth $787,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GOLD. Bruce G. Allen Investments LLC bought a new stake in shares of Barrick Gold in the 4th quarter worth about $35,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Barrick Gold by 41.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,919 shares of the gold and copper producer’s stock valued at $57,000 after buying an additional 1,142 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Barrick Gold during the fourth quarter valued at approximately $61,000. Headlands Technologies LLC purchased a new stake in shares of Barrick Gold in the third quarter worth approximately $75,000. Finally, Fifth Third Bancorp lifted its stake in shares of Barrick Gold by 13.1% during the 3rd quarter. Fifth Third Bancorp now owns 6,067 shares of the gold and copper producer’s stock worth $88,000 after acquiring an additional 702 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on GOLD. TD Securities reduced their target price on Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Argus reissued a “hold” rating on shares of Barrick Gold in a research report on Monday, February 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of Barrick Gold in a research note on Monday, March 4th. CIBC lowered their target price on Barrick Gold from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, Raymond James cut their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.06.

Barrick Gold Stock Performance

Shares of GOLD stock opened at $16.42 on Tuesday. The company has a current ratio of 3.16, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15. The company has a market cap of $28.83 billion, a PE ratio of 22.81, a PEG ratio of 1.59 and a beta of 0.58. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $20.75. The business’s fifty day simple moving average is $15.94 and its 200-day simple moving average is $16.27.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly 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 return on equity of 4.64% and a net margin of 11.16%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business posted $0.13 earnings per share. Analysts expect that Barrick Gold Corp will post 0.9 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.074 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.80%. Barrick Gold’s dividend payout ratio is currently 55.56%.

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.