34,200 Shares in Barrick Gold Corp (NYSE:GOLD) Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC bought a new position in Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) during the fourth quarter, HoldingsChannel reports. The fund bought 34,200 shares of the gold and copper producer’s stock, valued at approximately $643,000.

A number of other institutional investors also recently made changes to their positions in the stock. Kistler Tiffany Companies LLC raised its holdings in Barrick Gold by 820.3% during the third quarter. Kistler Tiffany Companies LLC now owns 1,408 shares of the gold and copper producer’s stock valued at $25,000 after acquiring an additional 1,255 shares during the period. Herold Advisors Inc. bought a new stake in Barrick Gold during the third quarter valued at about $26,000. Widmann Financial Services Inc. bought a new stake in Barrick Gold during the fourth quarter valued at about $36,000. Paragon Capital Management Ltd bought a new stake in Barrick Gold during the fourth quarter valued at about $38,000. Finally, Sumitomo Mitsui Financial Group Inc. bought a new stake in Barrick Gold during the third quarter valued at about $41,000. 57.62% of the stock is currently owned by institutional investors.

NYSE GOLD traded down $0.45 during trading on Tuesday, hitting $24.93. The stock had a trading volume of 698,167 shares, compared to its average volume of 22,181,303. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.12 and a current ratio of 3.95. The stock has a market capitalization of $44.36 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 10.52 and a beta of 0.25. Barrick Gold Corp has a one year low of $17.27 and a one year high of $26.07. The stock has a 50 day simple moving average of $23.78 and a 200 day simple moving average of $20.68.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th were paid a $0.079 dividend. This represents a $0.32 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, February 25th. Barrick Gold’s payout ratio is currently 35.09%.

GOLD has been the subject of a number of research analyst reports. KeyCorp restated a “hold” rating on shares of Barrick Gold in a research report on Monday, December 20th. Raymond James raised their price objective on Barrick Gold from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Investment Research upgraded Barrick Gold from a “strong sell” rating to a “hold” rating and set a $19.00 price objective for the company in a research report on Tuesday, December 21st. The Goldman Sachs Group lowered Barrick Gold from a “neutral” rating to a “sell” rating in a research report on Monday, January 17th. Finally, Fundamental Research raised their price objective on Barrick Gold from $26.00 to $26.45 and gave the company a “buy” rating in a research report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $27.70.

About Barrick Gold (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.

Featured Articles

Want to see what other hedge funds are holding GOLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX).

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

Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.