XML Financial LLC Decreases Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

by · The Cerbat Gem

XML Financial LLC lowered its holdings in Barrick Gold Corp (NYSE:GOLD – Free Report) (TSE:ABX) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,092 shares of the gold and copper producer’s stock after selling 613 shares during the period. XML Financial LLC’s holdings in Barrick Gold were worth $1,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GOLD. Exchange Traded Concepts LLC raised its stake in shares of Barrick Gold by 198.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after purchasing an additional 935 shares during the period. Clean Yield Group purchased a new stake in Barrick Gold during the 1st quarter worth $25,000. Eastern Bank acquired a new position in Barrick Gold in the 3rd quarter worth $32,000. Crewe Advisors LLC boosted its position in Barrick Gold by 628.8% in the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock valued at $30,000 after buying an additional 1,572 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of Barrick Gold by 451.7% during the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock valued at $38,000 after acquiring an additional 1,563 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on GOLD. Raymond James cut their price target on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, September 26th. UBS Group cut Barrick Gold from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Scotiabank decreased their price target on shares of Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research report on Friday. Jefferies Financial Group upped their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. Finally, TD Securities reduced their price objective on shares of Barrick Gold from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.90.

View Our Latest Analysis on GOLD

Barrick Gold Price Performance

Shares of NYSE:GOLD opened at $18.40 on Monday. The company has a current ratio of 3.01, a quick ratio of 2.31 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $19.95 and its two-hundred day moving average is $18.47. The firm has a market capitalization of $32.16 billion, a P/E ratio of 21.40, a PEG ratio of 0.43 and a beta of 0.56. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35.

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

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. Barrick Gold’s dividend payout ratio is presently 46.51%.

Barrick Gold Company Profile

(Free Report)

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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