S.A. Mason LLC Buys 973 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 3.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 28,543 shares of the gold and copper producer’s stock after acquiring an additional 973 shares during the period. S.A. Mason LLC’s holdings in Barrick Gold were worth $475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Securities Inc. acquired a new stake in Barrick Gold during the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in 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 valued at $32,000 after purchasing an additional 1,143 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Barrick Gold during the 4th quarter valued at $35,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Barrick Gold during the 4th quarter valued at $45,000. Finally, Optiver Holding B.V. acquired a new stake in Barrick Gold during the 4th quarter valued at $46,000. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Trading Up 0.3 %

Shares of Barrick Gold stock traded up $0.05 during trading on Thursday, reaching $16.85. 1,834,964 shares of the company were exchanged, compared to its average volume of 21,882,420. The company has a quick ratio of 2.49, a current ratio of 3.32 and a debt-to-equity ratio of 0.15. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $18.95. The business has a 50-day moving average price of $16.85 and a 200-day moving average price of $16.48. The firm has a market capitalization of $29.58 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 0.47 and a beta of 0.59.

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, 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 return on equity of 4.88% and a net margin of 12.58%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. Sell-side analysts anticipate that Barrick Gold Corp will post 1.06 EPS for the current fiscal year.

Barrick Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 31st. This is a positive change from Barrick Gold’s previous quarterly dividend of $0.07. This represents a $0.40 annualized dividend and a yield of 2.37%. Barrick Gold’s payout ratio is currently 48.78%.

Analyst Ratings Changes

GOLD has been the subject of several research reports. BMO Capital Markets lowered their target price on Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $18.00 target price on shares of Barrick Gold in a research note on Monday, March 4th. Jefferies Financial Group initiated coverage on Barrick Gold in a research note on Thursday, February 29th. They issued a “buy” rating and a $21.00 target price for the company. Finally, National Bank Financial reissued a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.