Barrick Gold Corp (NYSE:GOLD) Stake Lifted by Systrade AG

Systrade AG lifted its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 42.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,000,300 shares of the gold and copper producer's stock after buying an additional 600,000 shares during the quarter. Barrick Gold makes up 49.9% of Systrade AG's holdings, making the stock its largest holding. Systrade AG owned 0.11% of Barrick Gold worth $31,005,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Barrick Gold by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,471,407 shares of the gold and copper producer's stock worth $124,635,000 after purchasing an additional 1,057,886 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Barrick Gold by 17.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,172 shares of the gold and copper producer's stock worth $515,000 after buying an additional 4,521 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Barrick Gold during the second quarter worth $383,000. Skandinaviska Enskilda Banken AB publ grew its stake in Barrick Gold by 8.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 236,619 shares of the gold and copper producer's stock valued at $3,947,000 after acquiring an additional 18,400 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Barrick Gold by 23.4% in the 2nd quarter. Sei Investments Co. now owns 846,374 shares of the gold and copper producer's stock valued at $14,117,000 after acquiring an additional 160,498 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GOLD. Scotiabank dropped their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Monday, November 25th. Raymond James dropped their price target on Barrick Gold from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Monday, November 25th. Cibc World Mkts downgraded Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. UBS Group cut Barrick Gold from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, TD Securities cut their target price on shares of Barrick Gold from $26.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.82.

Barrick Gold Trading Up 1.6 %

Shares of GOLD traded up $0.25 during midday trading on Monday, hitting $16.00. The stock had a trading volume of 15,270,538 shares, compared to its average volume of 14,353,890. The stock's 50 day moving average is $16.52 and its 200 day moving average is $18.37. The firm has a market cap of $27.85 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.28 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.50%. Barrick Gold's payout ratio is 43.01%.

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.