Aigen Investment Management LP Acquires 76,186 Shares of Barrick Gold Corp (NYSE:GOLD)

Aigen Investment Management LP raised its position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 330.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 99,240 shares of the gold and copper producer's stock after acquiring an additional 76,186 shares during the period. Aigen Investment Management LP's holdings in Barrick Gold were worth $1,974,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of GOLD. DCF Advisers LLC grew its holdings in Barrick Gold by 48.3% in 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 buying an additional 35,000 shares in the last quarter. Evexia Wealth LLC acquired a new position in Barrick Gold in the 3rd quarter valued at $2,382,000. Entropy Technologies LP acquired a new position in Barrick Gold in the 3rd quarter valued at $3,711,000. 1832 Asset Management L.P. grew its holdings in Barrick Gold by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer's stock valued at $18,135,000 after buying an additional 38,100 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Barrick Gold in the 2nd quarter valued at $934,000. Institutional investors own 62.85% of the company's stock.

Barrick Gold Stock Down 2.2 %

Shares of NYSE GOLD traded down $0.38 during midday trading on Tuesday, hitting $17.02. The company's stock had a trading volume of 35,727,061 shares, compared to its average volume of 21,371,287. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The business's fifty day simple moving average is $19.89 and its two-hundred day simple moving average is $18.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.01 and a quick ratio of 2.31. The firm has a market capitalization of $29.75 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.43 and a beta of 0.56.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last announced its earnings results on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.13 billion. Barrick Gold had a net margin of 13.19% and a return on equity of 5.85%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. On average, equities analysts predict that Barrick Gold Corp will post 1.29 EPS for the current year.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold's payout ratio is currently 43.01%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOLD. Jefferies Financial Group increased their target price on Barrick Gold from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, September 13th. Scotiabank dropped their price objective on Barrick Gold from $25.00 to $24.00 and set a "sector outperform" rating for the company in a research report on Friday. Royal Bank of Canada increased their target price on Barrick Gold from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. TD Securities dropped their target price on Barrick Gold from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Friday. Finally, Raymond James decreased their target price on Barrick Gold from $26.50 to $26.00 and set an "outperform" rating for the company in a research note on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.90.

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.