GW Henssler & Associates Ltd. Has $256,000 Stake in Barrick Gold Corp (NYSE:GOLD)

GW Henssler & Associates Ltd. grew its stake in Barrick Gold Corp (NYSE:GOLDGet Rating) (TSE:ABX) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,546 shares of the gold and copper producer’s stock after buying an additional 814 shares during the period. GW Henssler & Associates Ltd.’s holdings in Barrick Gold were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of GOLD. Maj Invest Holding A S acquired a new stake in Barrick Gold in the 3rd quarter worth $175,865,000. Renaissance Technologies LLC boosted its position in shares of Barrick Gold by 86.6% during the 2nd quarter. Renaissance Technologies LLC now owns 17,457,214 shares of the gold and copper producer’s stock valued at $308,815,000 after acquiring an additional 8,102,178 shares in the last quarter. Snider Financial Group acquired a new stake in shares of Barrick Gold during the 1st quarter valued at about $185,000. Wellington Management Group LLP boosted its position in shares of Barrick Gold by 40.8% during the 1st quarter. Wellington Management Group LLP now owns 17,824,320 shares of the gold and copper producer’s stock valued at $437,387,000 after acquiring an additional 5,164,698 shares in the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in shares of Barrick Gold by 42.3% during the 3rd quarter. Mondrian Investment Partners LTD now owns 9,158,497 shares of the gold and copper producer’s stock valued at $141,957,000 after acquiring an additional 2,722,373 shares in the last quarter. 56.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOLD has been the topic of several recent research reports. Fundamental Research reiterated a “buy” rating and set a $19.90 target price (down from $23.42) on shares of Barrick Gold in a research report on Tuesday, November 15th. Raymond James decreased their target price on shares of Barrick Gold from $24.50 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Stifel Nicolaus decreased their target price on shares of Barrick Gold from C$35.25 to C$33.00 in a research report on Wednesday, October 19th. Barclays cut their price target on shares of Barrick Gold from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, November 21st. Finally, Royal Bank of Canada cut their price target on shares of Barrick Gold from $27.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, November 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and a consensus price target of $23.99.

Barrick Gold Trading Up 1.0 %

Shares of NYSE GOLD opened at $19.42 on Wednesday. Barrick Gold Corp has a 1-year low of $13.01 and a 1-year high of $26.07. The company has a market cap of $34.09 billion, a PE ratio of 18.15, a P/E/G ratio of 11.73 and a beta of 0.28. The company has a current ratio of 3.76, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $17.42 and a two-hundred day moving average of $16.16.

Barrick Gold (NYSE:GOLDGet Rating) (TSE:ABX) last announced its earnings results on Thursday, November 3rd. The gold and copper producer reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Barrick Gold had a net margin of 16.39% and a return on equity of 5.34%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $3.09 billion. As a group, equities analysts expect that Barrick Gold Corp will post 0.76 earnings per share for the current fiscal year.

Barrick Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Tuesday, November 29th. Barrick Gold’s dividend payout ratio is presently 37.38%.

Barrick Gold Profile

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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.

See Also

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

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