Simplicity Solutions LLC Has $396,000 Position in Barrick Gold Corp (NYSE:GOLD)

Simplicity Solutions LLC increased its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,876 shares of the gold and copper producer’s stock after purchasing an additional 2,551 shares during the period. Simplicity Solutions LLC’s holdings in Barrick Gold were worth $396,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in Barrick Gold by 7.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the gold and copper producer’s stock worth $165,000 after purchasing an additional 600 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Barrick Gold by 5.3% during the third quarter. Stratos Wealth Partners LTD. now owns 13,714 shares of the gold and copper producer’s stock valued at $200,000 after acquiring an additional 689 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in Barrick Gold by 2.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 24,555 shares of the gold and copper producer’s stock valued at $357,000 after acquiring an additional 694 shares in the last quarter. A. D. Beadell Investment Counsel Inc. lifted its position in shares of Barrick Gold by 1.2% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 59,825 shares of the gold and copper producer’s stock worth $1,082,000 after acquiring an additional 700 shares during the period. Finally, Fifth Third Bancorp grew its holdings 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 purchasing an additional 702 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GOLD shares. Raymond James cut their target price on Barrick Gold from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Argus restated a “hold” rating on shares of Barrick Gold in a research note on Monday, February 26th. TD Securities decreased their target price on shares of Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. StockNews.com raised shares of Barrick Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, BMO Capital Markets decreased their price objective on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.48.

Barrick Gold Stock Performance

Barrick Gold stock opened at $17.09 on Friday. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $20.75. The stock has a 50-day simple moving average of $15.91 and a 200 day simple moving average of $16.23. 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 capitalization of $30.00 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 1.54 and a beta of 0.58.

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

Barrick Gold Cuts Dividend

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

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.