Wilbanks Smith & Thomas Asset Management LLC Purchases Shares of 11,750 Barrick Gold Corp (NYSE:GOLD)

Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,750 shares of the gold and copper producer’s stock, valued at approximately $223,000.

A number of other hedge funds also recently modified their holdings of the stock. Asset Management One Co. Ltd. increased its stake in Barrick Gold by 121.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 104,836 shares of the gold and copper producer’s stock worth $1,892,000 after purchasing an additional 57,513 shares during the period. Herold Advisors Inc. purchased a new position in shares of Barrick Gold in the third quarter worth $26,000. Sowell Financial Services LLC raised its holdings in Barrick Gold by 32.4% during the 3rd quarter. Sowell Financial Services LLC now owns 33,123 shares of the gold and copper producer’s stock valued at $598,000 after buying an additional 8,103 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Barrick Gold during the 3rd quarter valued at $273,000. Finally, Pendal Group Ltd grew its holdings in Barrick Gold by 4.6% in the 3rd quarter. Pendal Group Ltd now owns 6,134,302 shares of the gold and copper producer’s stock worth $110,723,000 after acquiring an additional 271,063 shares during the last quarter. Institutional investors own 57.62% of the company’s stock.

NYSE:GOLD traded down $0.12 during mid-day trading on Friday, hitting $22.31. 18,243,392 shares of the company’s stock were exchanged, compared to its average volume of 22,043,406. Barrick Gold Corp has a one year low of $17.27 and a one year high of $26.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.95 and a quick ratio of 3.12. The business has a fifty day moving average price of $24.12 and a 200 day moving average price of $20.96. The company has a market cap of $39.70 billion, a PE ratio of 19.57, a P/E/G ratio of 10.52 and a beta of 0.25.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last posted its quarterly earnings data on Wednesday, February 16th. The gold and copper producer reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Barrick Gold had a net margin of 16.87% and a return on equity of 6.42%. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Barrick Gold’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts forecast that Barrick Gold Corp will post 1.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were paid a dividend of $0.079 per share. This represents a $0.32 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, February 25th. Barrick Gold’s payout ratio is currently 35.09%.

A number of research firms have recently weighed in on GOLD. Raymond James increased their target price on shares of Barrick Gold from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, April 18th. The Goldman Sachs Group lowered Barrick Gold from a “neutral” rating to a “sell” rating in a research report on Monday, January 17th. Sanford C. Bernstein cut Barrick Gold from an “outperform” rating to a “market perform” rating in a research note on Monday, April 25th. National Bank Financial raised their price target on Barrick Gold from C$29.00 to C$38.00 in a research note on Wednesday, April 20th. Finally, Fundamental Research boosted their price objective on shares of Barrick Gold from $26.00 to $26.45 and gave the company a “buy” rating in a research report on Tuesday, March 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $29.77.

Barrick Gold Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Barrick Gold (NYSE:GOLD)

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