84,953 Shares in Barrick Gold Corp (NYSE:GOLD) Bought by Hara Capital LLC

Hara Capital LLC purchased a new stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 84,953 shares of the gold and copper producer’s stock, valued at approximately $1,690,000. Barrick Gold comprises about 1.0% of Hara Capital LLC’s portfolio, making the stock its 22nd biggest holding.

A number of other large investors have also recently bought and sold shares of GOLD. Principal Financial Group Inc. grew its position in shares of Barrick Gold by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after buying an additional 80,366 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Barrick Gold in the third quarter worth $337,000. Fractal Investments LLC increased its stake in Barrick Gold by 32.3% in the third quarter. Fractal Investments LLC now owns 16,400 shares of the gold and copper producer’s stock valued at $326,000 after purchasing an additional 4,000 shares in the last quarter. Crescent Grove Advisors LLC acquired a new position in shares of Barrick Gold during the third quarter valued at about $267,000. Finally, Whitener Capital Management Inc. boosted its position in shares of Barrick Gold by 0.9% during the 3rd quarter. Whitener Capital Management Inc. now owns 73,185 shares of the gold and copper producer’s stock worth $1,456,000 after purchasing an additional 675 shares in the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on GOLD shares. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. CIBC lifted their price target on shares of Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 29th. Finally, Raymond James reduced their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Barrick Gold Stock Down 0.4 %

NYSE:GOLD traded down $0.08 on Thursday, hitting $18.35. The stock had a trading volume of 8,358,747 shares, compared to its average volume of 21,084,504. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The firm’s fifty day simple moving average is $20.02 and its two-hundred day simple moving average is $18.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.01. The stock has a market cap of $32.08 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 0.45 and a beta of 0.56.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Barrick Gold had a return on equity of 5.53% and a net margin of 12.78%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business posted $0.19 earnings per share. Barrick Gold’s revenue was up 11.6% on a year-over-year basis. Analysts predict that Barrick Gold Corp will post 1.29 earnings per share for the current year.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, August 30th. Barrick Gold’s payout ratio is 46.51%.

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.