Barrick Gold Corp (NYSE:B) Shares Acquired by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. increased its position in shares of Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,959 shares of the gold and copper producer's stock after purchasing an additional 12,747 shares during the quarter. Butensky & Cohen Financial Security Inc.'s holdings in Barrick Gold were worth $3,265,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of B. Crowley Wealth Management Inc. acquired a new stake in Barrick Gold in the 4th quarter valued at approximately $26,000. Nexus Investment Management ULC purchased a new position in shares of Barrick Gold during the 1st quarter worth approximately $32,000. Vega Investment Solutions purchased a new position in shares of Barrick Gold during the 4th quarter worth about $31,000. MassMutual Private Wealth & Trust FSB lifted its position in Barrick Gold by 55.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,193 shares of the gold and copper producer's stock valued at $43,000 after buying an additional 785 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Barrick Gold in the 4th quarter worth approximately $37,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Stock Down 1.3%

Barrick Gold stock traded down $0.27 during midday trading on Tuesday, hitting $20.04. 12,430,879 shares of the stock were exchanged, compared to its average volume of 2,483,655. The stock has a market capitalization of $34.35 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.44 and a beta of 0.27. The company has a quick ratio of 2.15, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The business's 50-day moving average price is $19.11 and its 200-day moving average price is $17.90. Barrick Gold Corp has a 52-week low of $17.41 and a 52-week high of $47.50.

Barrick Gold (NYSE:B - Get Free Report) TSE: ABX last announced its quarterly earnings results on Wednesday, May 7th. The gold and copper producer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.15 billion. Barrick Gold had a net margin of 16.59% and a return on equity of 6.76%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. On average, research analysts expect that Barrick Gold Corp will post 1.47 EPS for the current fiscal year.

Barrick Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 30th. Barrick Gold's payout ratio is 30.08%.

Barrick Gold declared that its board has approved a stock repurchase program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the gold and copper producer to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

B has been the topic of several research analyst reports. UBS Group raised their price objective on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. National Bankshares reiterated an "outperform" rating on shares of Barrick Gold in a report on Wednesday, April 2nd. Royal Bank of Canada upped their price target on shares of Barrick Gold from $23.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Scotiabank boosted their price target on Barrick Gold from $20.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Finally, TD Securities lowered their target price on shares of Barrick Gold from $24.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.32.

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.