Everpar Advisors LLC Invests $811,000 in Barrick Gold Corp (NYSE:GOLD)

Everpar Advisors LLC purchased a new position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,849 shares of the gold and copper producer’s stock, valued at approximately $811,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV raised its holdings in shares of Barrick Gold by 7.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 9,100 shares of the gold and copper producer’s stock valued at $165,000 after acquiring an additional 600 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Barrick Gold by 5.3% in the third quarter. Stratos Wealth Partners LTD. now owns 13,714 shares of the gold and copper producer’s stock worth $200,000 after buying an additional 689 shares during the period. Legacy Wealth Asset Management LLC boosted its position in Barrick Gold by 2.9% during 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. grew its stake in Barrick Gold by 1.2% in the fourth 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 purchasing an additional 700 shares during the period. Finally, Fifth Third Bancorp boosted 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 valued at $88,000 after buying an additional 702 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Performance

Shares of Barrick Gold stock traded up $0.09 on Tuesday, hitting $16.76. 12,729,067 shares of the company’s stock were exchanged, compared to its average volume of 22,913,926. The stock has a market capitalization of $29.42 billion, a PE ratio of 20.44, a PEG ratio of 1.44 and a beta of 0.59. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $20.26. The company has a 50-day simple moving average of $16.43 and a 200-day simple moving average of $16.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.49 and a current ratio of 3.32.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last announced its quarterly earnings data on Wednesday, May 1st. The gold and copper producer reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Barrick Gold had a net margin of 12.58% and a return on equity of 4.88%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. As a group, equities analysts anticipate that Barrick Gold Corp will post 0.95 EPS for the current year.

Barrick Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.10 dividend. The ex-dividend date is Friday, May 31st. This is an increase from Barrick Gold’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.39%. Barrick Gold’s payout ratio is 48.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Raymond James dropped their price objective on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. StockNews.com raised Barrick Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Argus reaffirmed a “hold” rating on shares of Barrick Gold in a report on Monday, February 26th. Sanford C. Bernstein cut shares of Barrick Gold from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Finally, National Bank Financial restated a “sector perform overweight” rating on shares of Barrick Gold in a report 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 given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.60.

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.