FLC Capital Advisors Has $269,000 Stock Position in Barrick Gold Corp (NYSE:GOLD)

FLC Capital Advisors raised its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,860 shares of the gold and copper producer’s stock after purchasing an additional 1,300 shares during the period. FLC Capital Advisors’ holdings in Barrick Gold were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Barrick Gold by 35.0% during the 3rd quarter. Wellington Management Group LLP now owns 63,551,991 shares of the gold and copper producer’s stock worth $925,121,000 after purchasing an additional 16,485,756 shares in the last quarter. Vanguard Group Inc. increased its position in Barrick Gold by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 62,567,785 shares of the gold and copper producer’s stock valued at $910,361,000 after acquiring an additional 956,452 shares during the period. BlackRock Inc. increased its position in Barrick Gold by 3.7% in the 2nd quarter. BlackRock Inc. now owns 44,035,714 shares of the gold and copper producer’s stock valued at $745,525,000 after acquiring an additional 1,570,978 shares during the period. FMR LLC increased its position in Barrick Gold by 12.2% in the 3rd quarter. FMR LLC now owns 43,399,480 shares of the gold and copper producer’s stock valued at $631,228,000 after acquiring an additional 4,731,559 shares during the period. Finally, Mackenzie Financial Corp increased its position in Barrick Gold by 6.3% in the 4th quarter. Mackenzie Financial Corp now owns 21,129,740 shares of the gold and copper producer’s stock valued at $361,616,000 after acquiring an additional 1,254,531 shares during the period. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GOLD. StockNews.com upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. TD Securities dropped their price target on shares of Barrick Gold from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Raymond James dropped their price target on shares of Barrick Gold from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. National Bank Financial reissued a “sector perform overweight” rating on shares of Barrick Gold in a research report on Wednesday, January 3rd. Finally, Scotiabank dropped their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and a consensus target price of $22.05.

Barrick Gold Price Performance

Shares of NYSE:GOLD traded up $0.43 during trading on Thursday, reaching $16.64. The company had a trading volume of 28,975,668 shares, compared to its average volume of 20,537,006. The company has a fifty day moving average of $15.26 and a two-hundred day moving average of $16.04. The stock has a market capitalization of $29.21 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.21 and a beta of 0.57. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $20.75. The company has a current ratio of 3.16, a quick ratio of 2.40 and a debt-to-equity ratio of 0.15.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Wednesday, February 14th. The gold and copper producer reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.13 billion. Barrick Gold had a net margin of 11.16% and a return on equity of 4.64%. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities research analysts forecast that Barrick Gold Corp will post 0.9 earnings per share for the current year.

Barrick Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.074 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Wednesday, February 28th. Barrick Gold’s dividend payout ratio is currently 55.56%.

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.