--- title: "Barrick Gold (NYSE:GOLD) Shares Up 0.5% - Time to Buy?" description: "Barrick Gold (NYSE:GOLD) shares rose 0.5% during trading, reaching a high of $27.07. Analysts have mixed views, with Raymond James lowering its price target while Argus upgraded it to a \"buy\". The sto" type: "news" locale: "en" url: "https://longbridge.com/en/news/218245876.md" published_at: "2024-10-29T19:02:43.000Z" --- # Barrick Gold (NYSE:GOLD) Shares Up 0.5% - Time to Buy? > Barrick Gold (NYSE:GOLD) shares rose 0.5% during trading, reaching a high of $27.07. Analysts have mixed views, with Raymond James lowering its price target while Argus upgraded it to a "buy". The stock has a consensus rating of "Moderate Buy" with an average target price of $30.60. Barrick Gold reported a quarterly EPS of $0.32, exceeding estimates, and announced a dividend of $0.10 per share. Institutional investors have increased their stakes significantly, with 62.85% of shares held by hedge funds. Barrick Gold Corp (NYSE:GOLD - Get Free Report) TSE: ABX's stock price shot up 0.5% during trading on Tuesday . The stock traded as high as $20.27 and last traded at $20.07. 4,785,921 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 21,049,512 shares. The stock had previously closed at $19.98. ## Wall Street Analyst Weigh In - Gold Prices Hit Record Highs: Is It Time to Buy or Take Profits? A number of analysts recently issued reports on the stock. Raymond James dropped their price target on shares of Barrick Gold from $26.50 to $26.00 and set an "outperform" rating for the company in a research note on Thursday, September 26th. Argus raised shares of Barrick Gold from a "hold" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Thursday, August 29th. Jefferies Financial Group lifted their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Royal Bank of Canada increased their target price on Barrick Gold from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Finally, UBS Group boosted their price target on Barrick Gold from $22.00 to $23.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.60. **Check Out Our Latest Report on Barrick Gold** ## Barrick Gold Trading Up 1.2 % - Bank of America Sees Gold as the Last Safe Haven: Top 3 Picks The stock has a market capitalization of $35.44 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 0.47 and a beta of 0.55. The business has a 50 day simple moving average of $20.18 and a 200-day simple moving average of $18.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.31 and a current ratio of 3.01. Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last posted its quarterly earnings data 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 5.53%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $0.19 EPS. The business's revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts predict that Barrick Gold Corp will post 1.27 EPS for the current year. ## Barrick Gold Dividend Announcement - Ready for Growth? Barrick Gold Stock Could Be the Answer The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.98%. Barrick Gold's payout ratio is presently 48.78%. ## Hedge Funds Weigh In On Barrick Gold Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its position in shares of Barrick Gold by 198.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer's stock worth $28,000 after purchasing an additional 935 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Barrick Gold during the 1st quarter valued at $25,000. Eastern Bank purchased a new position in shares of Barrick Gold during the 3rd quarter valued at $32,000. Crewe Advisors LLC raised its holdings in shares of Barrick Gold by 628.8% during the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer's stock worth $30,000 after acquiring an additional 1,572 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in Barrick Gold by 451.7% during the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer's stock valued at $38,000 after purchasing an additional 1,563 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors. ## Barrick Gold Company Profile (Get 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. ## Featured Stories - Five stocks we like better than Barrick Gold - What Do S&P 500 Stocks Tell Investors About the Market? - Is McDonald's Stock a Smart Buy After Sell-Off and Earnings? - 3 Healthcare Dividend Stocks to Buy - QuantumScape: Solid State EV Batteries Nearing Commercialization - How Investors Can Find the Best Cheap Dividend Stocks - MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → Don’t Miss Out! Get 2 Hot AI Stocks for Under $10/Share 🚀 (From Darwin) (Ad)## Should you invest $1,000 in Barrick Gold right now? Before you consider Barrick Gold, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Barrick Gold wasn't on the list. While Barrick Gold currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. 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