Syon Capital LLC Makes New Investment in Barrick Gold Corp (NYSE:GOLD)

Syon Capital LLC purchased a new stake in shares of Barrick Gold Corp (NYSE:GOLDFree Report) (TSE:ABX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,940 shares of the gold and copper producer’s stock, valued at approximately $276,000.

Other hedge funds also recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in shares of Barrick Gold during the second quarter valued at approximately $29,000. HM Payson & Co. increased its stake in shares of Barrick Gold by 58.2% during the second quarter. HM Payson & Co. now owns 1,740 shares of the gold and copper producer’s stock valued at $29,000 after acquiring an additional 640 shares during the period. RFP Financial Group LLC acquired a new position in shares of Barrick Gold during the second quarter valued at approximately $30,000. Chilton Capital Management LLC acquired a new position in shares of Barrick Gold during the first quarter valued at approximately $37,000. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of Barrick Gold during the fourth quarter valued at approximately $36,000. Institutional investors own 58.20% of the company’s stock.

Barrick Gold Stock Performance

GOLD traded down $0.07 during trading on Friday, hitting $15.52. The stock had a trading volume of 16,129,269 shares, compared to its average volume of 18,579,885. The firm has a market cap of $27.25 billion, a PE ratio of 519.67, a P/E/G ratio of 0.98 and a beta of 0.56. Barrick Gold Corp has a 12 month low of $13.82 and a 12 month high of $20.75. The company has a current ratio of 3.07, a quick ratio of 2.28 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $16.45.

Barrick Gold (NYSE:GOLDGet Free Report) (TSE:ABX) last announced its earnings results on Thursday, November 2nd. The gold and copper producer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.93 billion. Barrick Gold had a net margin of 0.52% and a return on equity of 3.88%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. Analysts expect that Barrick Gold Corp will post 0.79 EPS for the current year.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.58%. Barrick Gold’s payout ratio is 1,300.00%.

Analyst Upgrades and Downgrades

GOLD has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Barrick Gold from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 17th. Citigroup lowered their price objective on shares of Barrick Gold from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 28th. Veritas Investment Research lowered shares of Barrick Gold from a “buy” rating to a “reduce” rating in a research report on Wednesday, October 4th. StockNews.com lowered shares of Barrick Gold from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Raymond James decreased their price target on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.98.

Get Our Latest Stock Report on Barrick Gold

Barrick Gold Company Profile

(Free Report)

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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