Pullen Investment Management LLC Acquires 1,396 Shares of Barrick Gold Corp (NYSE:GOLD)

Pullen Investment Management LLC lifted its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 92,964 shares of the gold and copper producer’s stock after purchasing an additional 1,396 shares during the quarter. Barrick Gold comprises 1.4% of Pullen Investment Management LLC’s holdings, making the stock its 23rd biggest position. Pullen Investment Management LLC’s holdings in Barrick Gold were worth $1,849,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its position in Barrick Gold by 0.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 147,903 shares of the gold and copper producer’s stock valued at $2,953,000 after buying an additional 732 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Barrick Gold by 7.9% during the 3rd quarter. Forsta AP Fonden now owns 350,944 shares of the gold and copper producer’s stock worth $6,988,000 after acquiring an additional 25,600 shares in the last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Barrick Gold in the third quarter valued at approximately $264,000. apricus wealth LLC lifted its position in shares of Barrick Gold by 0.6% in the third quarter. apricus wealth LLC now owns 112,850 shares of the gold and copper producer’s stock worth $2,245,000 after purchasing an additional 710 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Barrick Gold by 458.1% during the third quarter. Assenagon Asset Management S.A. now owns 108,148 shares of the gold and copper producer’s stock worth $2,151,000 after purchasing an additional 88,770 shares during the last quarter. 62.85% of the stock is owned by institutional investors.

Barrick Gold Stock Down 3.5 %

Barrick Gold stock opened at $19.61 on Friday. The company’s 50-day moving average price is $20.18 and its two-hundred day moving average price is $18.33. The company has a quick ratio of 2.31, a current ratio of 3.01 and a debt-to-equity ratio of 0.15. The stock has a market cap of $34.37 billion, a P/E ratio of 23.91, a P/E/G ratio of 0.47 and a beta of 0.55. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Barrick Gold had a return on equity of 5.53% and a net margin of 12.78%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. As a group, analysts expect that Barrick Gold Corp will post 1.27 EPS for the current year.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.04%. Barrick Gold’s dividend payout ratio (DPR) is currently 48.78%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOLD. Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Thursday, August 29th. Scotiabank upped their target price on Barrick Gold from $23.00 to $25.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. UBS Group increased their price target on Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upped their price objective on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Royal Bank of Canada raised their target price on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus price target of $23.60.

Barrick Gold Company 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.