Seaview Investment Managers LLC Has $267,000 Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Seaview Investment Managers LLC lowered its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 16.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,012 shares of the gold and copper producer’s stock after selling 3,161 shares during the quarter. Seaview Investment Managers LLC’s holdings in Barrick Gold were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GOLD. Natixis Advisors L.P. boosted its stake in shares of Barrick Gold by 47.7% in the fourth quarter. Natixis Advisors L.P. now owns 87,638 shares of the gold and copper producer’s stock valued at $1,585,000 after buying an additional 28,318 shares during the period. M&T Bank Corp lifted its position in shares of Barrick Gold by 8.7% during the 4th quarter. M&T Bank Corp now owns 46,182 shares of the gold and copper producer’s stock valued at $835,000 after acquiring an additional 3,690 shares during the period. Principal Securities Inc. acquired a new stake in shares of Barrick Gold during the 4th quarter worth $26,000. Dimensional Fund Advisors LP increased its position in shares of Barrick Gold by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,359,933 shares of the gold and copper producer’s stock worth $115,051,000 after purchasing an additional 211,928 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in shares of Barrick Gold by 21.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 72,977 shares of the gold and copper producer’s stock worth $1,320,000 after purchasing an additional 12,860 shares during the period. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Trading Up 1.5 %

Shares of GOLD stock opened at $19.28 on Tuesday. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $20.89. The company has a 50-day simple moving average of $18.71 and a two-hundred day simple moving average of $17.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.49 and a current ratio of 3.32. The company has a market capitalization of $33.79 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 0.47 and a beta of 0.55.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last posted its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Barrick Gold had a net margin of 12.78% and a return on equity of 5.55%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business earned $0.19 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts anticipate that Barrick Gold Corp will post 1.22 EPS for the current fiscal year.

Barrick Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. Barrick Gold’s payout ratio is 48.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GOLD shares. CIBC lifted their price objective on shares of Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group lifted their price target on Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, August 29th. Finally, Scotiabank raised their price objective on Barrick Gold from $23.00 to $25.00 and gave the company a “sector outperform” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.80.

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.