Barrick Gold Corp (NYSE:GOLD) Shares Purchased by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. lifted its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 52.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 56,767 shares of the gold and copper producer’s stock after acquiring an additional 19,425 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Barrick Gold were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Clean Yield Group bought a new position in Barrick Gold during the first quarter worth $25,000. Principal Securities Inc. acquired a new stake in shares of Barrick Gold during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Barrick Gold by 175.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,794 shares of the gold and copper producer’s stock worth $32,000 after purchasing an additional 1,143 shares during the period. Jackson Grant Investment Advisers Inc. bought a new position in shares of Barrick Gold in the 2nd quarter worth about $32,000. Finally, LRI Investments LLC acquired a new position in shares of Barrick Gold in the 1st quarter valued at about $37,000. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Stock Performance

GOLD traded down $0.02 during trading hours on Tuesday, hitting $20.45. The company’s stock had a trading volume of 15,476,189 shares, compared to its average volume of 21,761,680. The company has a current ratio of 3.32, a quick ratio of 2.49 and a debt-to-equity ratio of 0.15. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $20.89. The company has a 50-day simple moving average of $18.08 and a 200 day simple moving average of $16.95. The firm has a market capitalization of $35.84 billion, a PE ratio of 24.94, a PEG ratio of 0.48 and a beta of 0.51.

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. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a return on equity of 4.88% and a net margin of 12.58%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. As a group, sell-side analysts expect that Barrick Gold Corp will post 1.16 EPS for the current year.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, August 30th. Barrick Gold’s dividend payout ratio is currently 48.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GOLD shares. Jefferies Financial Group increased their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Scotiabank increased their price target on Barrick Gold from $23.00 to $25.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Finally, CIBC boosted their price objective on Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

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.