Americas Gold and Silver Corporation (USAS) Stock: Are They Risky or Cheap?

Oppenheimer & Co. Inc. reduced its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 11.5% during the third quarter, according to its latest 13F filing with the Securities and Exchange Commission ( DRY). The company held 150,340 shares of the gold and copper producer after selling 19,533 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Barrick Gold were worth $2,715,000 when it last filed with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in GOLD. Oppenheimer Asset Management Inc. increased its holdings in Barrick Gold by 11.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 353,332 shares of the gold and copper producer worth $6,378,000 after purchasing an additional 34,990 shares during the period. Geode Capital Management LLC increased its stake in Barrick Gold by 11.7% in the third quarter. Geode Capital Management LLC now owns 4,551,544 shares of the gold and copper producer worth $82,080,000 after purchasing an additional 477,704 shares last quarter. Vident Investment Advisory LLC bought a new stake in Barrick Gold in Q3 for $255,000. Keystone Financial Group increased its stake in Barrick Gold by 11.5% in the third quarter. Keystone Financial Group now owns 33,106 shares of the gold and copper producer worth $598,000 after buying 3,415 additional shares last quarter. Finally, Pekin Hardy Strauss Inc. increased its stake in Barrick Gold by 15.6% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 54,368 shares of the gold and copper producer worth $981,000 after buying an additional 7,349 shares last quarter. 53.11% of the shares are currently held by hedge funds and other institutional investors.

Barrick Gold Stock opened at $18.56 on Friday. The company has a 50-day moving average price of $18.72 and a 200-day moving average price of $19.37. The company has a debt ratio of 0.16, a quick ratio of 3.13 and a current ratio of 4.05. Barrick Gold Corp has a fifty-two week low of $17.27 and a fifty-two week high of $25.37. The company has a market capitalization of $33.02 billion, a PE ratio of 16.57, a P/E/G ratio of 8.18 and a beta of 0.33.

Barrick Gold Inc (NYSE:GOLD) (TSE:ABX) last released its quarterly results on Wednesday, November 3. The gold and copper producer reported earnings per share of $0.24 for the quarter, beating Thomson Reuters consensus estimate of $0.23 by $0.01. The company posted revenue of $2.83 billion in the quarter, versus a consensus estimate of $2.87 billion. Barrick Gold had a net margin of 16.57% and a return on equity of 6.42%. The company’s revenue was down 20.2% year-over-year. In the same quarter a year earlier, the company posted earnings per share of $0.41. On average, analysts expect Barrick Gold Corp to post 1.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15. Investors of record on Tuesday, November 30 received a dividend of $0.09 per share. This represents an annualized dividend of $0.36 and a yield of 1.94%. The ex-dividend date was Monday, November 29. Barrick Gold’s payout ratio is 32.14%.

A number of brokerages have published reports on GOLD. cut their price target on Barrick Gold from CA$32.00 to CA$31.00 and set a “buy” rating for the company in a Wednesday, Nov. 17 research note. KeyCorp reaffirmed a “hold” rating on Barrick Gold shares in a Monday, Dec. 20 research report. Zacks Investment Research upgraded Barrick Gold from a “strong sell” rating to a “hold” rating and set a price target of $19.00 for the company in a Tuesday, December 21 research report. National Bank Financial downgraded Barrick Gold from an “outperforming” rating to an “sector outperforming” rating and lowered its price target for the stock from $28.00 to $19.00 in a report of research from Thursday, October 14. Finally, Raymond James lowered his price target on Barrick Gold to $32.00 and set an “outperform” rating for the company in a Thursday, January 20 research report. One investment analyst gave the stock a sell rating, four gave the company a hold rating, seven gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, Barrick Gold has an average rating of “Buy” and a consensus target price of $32.16.

About Barrick Gold

Barrick Gold Corporation is one of the main producers of gold and copper in the sector. 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 of the same year it combined its gold mines in Nevada, USA, with those of Newmont Company in a joint venture, Nevada Gold Mines, majority owned and operated by Barrick.

Read more: Market capitalization and individual investors

Want to see which other hedge funds hold GOLD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Barrick Gold Corp (NYSE:GOLD) (TSE:ABX).

Institutional ownership by quarter for Barrick Gold (NYSE: GOLD)

The post office Oppenheimer & Co. Inc. sells 19,533 shares of Barrick Gold Corp (NYSE: GOLD) appeared first on Daily ETF News.

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