RFG Advisory LLC Acquires 18,750 Shares of Barrick Gold Corp (NYSE:B)

RFG Advisory LLC increased its holdings in Barrick Gold Corp (NYSE:B - Free Report) TSE: ABX by 46.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,111 shares of the gold and copper producer's stock after purchasing an additional 18,750 shares during the quarter. RFG Advisory LLC's holdings in Barrick Gold were worth $1,149,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Keystone Financial Group raised its holdings in Barrick Gold by 1.4% during the 4th quarter. Keystone Financial Group now owns 56,394 shares of the gold and copper producer's stock worth $874,000 after purchasing an additional 753 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 worth $43,000 after buying an additional 785 shares during the period. VisionPoint Advisory Group LLC raised its stake in Barrick Gold by 6.7% during the fourth quarter. VisionPoint Advisory Group LLC now owns 14,051 shares of the gold and copper producer's stock worth $224,000 after buying an additional 880 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in Barrick Gold by 5.9% in the first quarter. 180 Wealth Advisors LLC now owns 16,452 shares of the gold and copper producer's stock valued at $320,000 after buying an additional 918 shares during the period. Finally, Townsquare Capital LLC boosted its position in Barrick Gold by 0.3% during the fourth quarter. Townsquare Capital LLC now owns 285,355 shares of the gold and copper producer's stock valued at $4,423,000 after acquiring an additional 952 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Stock Performance

B opened at $20.00 on Friday. Barrick Gold Corp has a 1-year low of $17.41 and a 1-year high of $47.50. The company has a market cap of $34.38 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.44 and a beta of 0.25. The company's fifty day moving average price is $19.08 and its two-hundred day moving average price is $17.86. The company has a current ratio of 2.89, a quick ratio of 2.15 and a debt-to-equity ratio of 0.14.

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

Barrick Gold declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the gold and copper producer to repurchase up to 3.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, May 30th. Barrick Gold's dividend payout ratio (DPR) is presently 30.08%.

Analysts Set New Price Targets

B has been the subject of several research analyst reports. UBS Group lifted their price objective on Barrick Gold from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. TD Securities lowered their target price on Barrick Gold from $24.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, February 13th. BMO Capital Markets began coverage on Barrick Gold in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Barrick Gold in a research report on Wednesday, April 2nd. Finally, Raymond James lifted their price objective on shares of Barrick Gold from $23.00 to $23.50 and gave the company an "outperform" rating in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.32.

Barrick Gold Company 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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