National Bank of Canada FI Has $185.36 Million Holdings in Barrick Gold Corp (NYSE:GOLD)

National Bank of Canada FI lowered its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 26.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,319,277 shares of the gold and copper producer's stock after selling 3,367,655 shares during the quarter. National Bank of Canada FI owned 0.53% of Barrick Gold worth $185,360,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. DCF Advisers LLC grew its stake in Barrick Gold by 48.3% during the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer's stock valued at $1,793,000 after acquiring an additional 35,000 shares in the last quarter. Mizuho Markets Americas LLC grew its position in Barrick Gold by 21.7% during the third quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer's stock valued at $46,097,000 after purchasing an additional 413,012 shares in the last quarter. Entropy Technologies LP acquired a new position in Barrick Gold in the 3rd quarter valued at approximately $3,711,000. Aigen Investment Management LP increased its stake in Barrick Gold by 330.5% in the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer's stock valued at $1,974,000 after buying an additional 76,186 shares during the period. Finally, Evexia Wealth LLC acquired a new stake in shares of Barrick Gold during the 3rd quarter valued at $2,382,000. Institutional investors and hedge funds own 62.85% of the company's stock.

Barrick Gold Stock Performance

Shares of NYSE:GOLD traded down $0.18 during midday trading on Friday, hitting $16.77. The company's stock had a trading volume of 20,821,104 shares, compared to its average volume of 24,266,284. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. The stock's 50 day simple moving average is $18.94 and its 200 day simple moving average is $18.52. The stock has a market capitalization of $29.31 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.48 and a beta of 0.53. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $21.35.

Barrick Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold's dividend payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GOLD. Raymond James dropped their price target on shares of Barrick Gold from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Monday, November 25th. TD Securities cut their price target on Barrick Gold from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. CIBC lowered shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research report on Monday, November 25th. Royal Bank of Canada boosted their target price on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Cibc World Mkts downgraded shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.60.

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.