Barrick Gold Corp (NYSE:GOLD) Shares Purchased by ING Groep NV

ING Groep NV grew its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 22.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,681 shares of the gold and copper producer’s stock after acquiring an additional 11,648 shares during the period. ING Groep NV’s holdings in Barrick Gold were worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of GOLD. Mercer Global Advisors Inc. ADV raised its holdings in shares of Barrick Gold by 2.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,090 shares of the gold and copper producer’s stock valued at $480,000 after buying an additional 486 shares during the last quarter. Hollow Brook Wealth Management LLC lifted its stake in shares of Barrick Gold by 0.9% during the fourth quarter. Hollow Brook Wealth Management LLC now owns 64,001 shares of the gold and copper producer’s stock valued at $1,458,000 after buying an additional 595 shares during the period. Fruth Investment Management lifted its stake in shares of Barrick Gold by 3.6% during the first quarter. Fruth Investment Management now owns 17,200 shares of the gold and copper producer’s stock valued at $340,000 after buying an additional 600 shares during the period. Veriti Management LLC raised its stake in Barrick Gold by 4.2% during the first quarter. Veriti Management LLC now owns 16,947 shares of the gold and copper producer’s stock worth $336,000 after purchasing an additional 688 shares during the period. Finally, The PNC Financial Services Group Inc. raised its stake in shares of Barrick Gold by 2.4% in the 1st quarter. The PNC Financial Services Group Inc. now owns 31,981 shares of the gold and copper producer’s stock valued at $633,000 after acquiring an additional 763 shares during the period. Hedge funds and other institutional investors own 57.18% of the company’s stock.

Shares of NYSE GOLD opened at $23.71 on Friday. Barrick Gold Corp has a one year low of $18.64 and a one year high of $31.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.77 and a quick ratio of 3.01. The company’s fifty day moving average price is $22.88. The stock has a market cap of $42.17 billion, a PE ratio of 17.06, a PEG ratio of 9.92 and a beta of 0.29.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last released its quarterly earnings results on Tuesday, May 4th. The gold and copper producer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Barrick Gold had a return on equity of 7.18% and a net margin of 19.19%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Barrick Gold Corp will post 1.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Friday, May 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, May 27th. Barrick Gold’s payout ratio is 14.78%.

A number of equities research analysts recently weighed in on GOLD shares. Raymond James raised their price target on shares of Barrick Gold from $29.50 to $36.00 and gave the company an “outperform” rating in a report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Barrick Gold in a research note on Thursday, February 11th. TheStreet raised shares of Barrick Gold from a “c” rating to a “b-” rating in a research report on Thursday, April 22nd. Fundamental Research boosted their price objective on shares of Barrick Gold from $69.96 to $72.72 and gave the company a “buy” rating in a research report on Monday, May 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Barrick Gold from $30.00 to $25.00 in a research note on Tuesday, April 27th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.72.

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.

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

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