Barrick Gold Corp (NYSE:GOLD) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,913 shares of the gold and copper producer’s stock after buying an additional 2,083 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Barrick Gold were worth $309,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GOLD. Keystone Financial Group lifted its stake in shares of Barrick Gold by 1.4% during the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer’s stock worth $874,000 after purchasing an additional 753 shares during the period. VisionPoint Advisory Group LLC lifted its stake in shares of Barrick Gold by 6.7% during the 4th quarter. VisionPoint Advisory Group LLC now owns 14,051 shares of the gold and copper producer’s stock worth $224,000 after purchasing an additional 880 shares during the period. Townsquare Capital LLC lifted its stake in shares of Barrick Gold by 0.3% during the 4th quarter. Townsquare Capital LLC now owns 285,355 shares of the gold and copper producer’s stock worth $4,423,000 after purchasing an additional 952 shares during the period. Bangor Savings Bank lifted its stake in shares of Barrick Gold by 4.5% during the 4th quarter. Bangor Savings Bank now owns 22,025 shares of the gold and copper producer’s stock worth $341,000 after purchasing an additional 956 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in shares of Barrick Gold by 3.4% during the 4th quarter. Confluence Investment Management LLC now owns 29,751 shares of the gold and copper producer’s stock worth $461,000 after purchasing an additional 974 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Scotiabank increased their price target on Barrick Gold from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. TD Securities cut their target price on Barrick Gold from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada increased their target price on Barrick Gold from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, April 4th. National Bankshares reaffirmed an “outperform” rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. Finally, Citigroup cut their target price on Barrick Gold from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.05.

Barrick Gold Stock Up 1.3 %

NYSE GOLD opened at $19.30 on Tuesday. The stock has a market cap of $33.19 billion, a PE ratio of 15.69, a P/E/G ratio of 0.44 and a beta of 0.55. Barrick Gold Corp has a fifty-two week low of $15.11 and a fifty-two week high of $21.35. The business has a 50 day moving average price of $18.96 and a two-hundred day moving average price of $17.90. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings results on Wednesday, February 12th. The gold and copper producer reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. Barrick Gold had a return on equity of 6.76% and a net margin of 16.59%. As a group, sell-side analysts predict that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, February 28th. Barrick Gold’s dividend payout ratio (DPR) is currently 32.52%.

Barrick Gold declared that its board has approved a stock buyback plan on Wednesday, February 12th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.