Y Intercept Hong Kong Ltd Raises Stock Position in Barrick Gold Corp (NYSE:GOLD)

Y Intercept Hong Kong Ltd lifted its position in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 152.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,530 shares of the gold and copper producer's stock after purchasing an additional 34,733 shares during the period. Y Intercept Hong Kong Ltd's holdings in Barrick Gold were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. DCF Advisers LLC lifted 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 worth $1,793,000 after purchasing an additional 35,000 shares in the last quarter. Mizuho Markets Americas LLC raised its position in shares of 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 buying an additional 413,012 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Barrick Gold in the third quarter worth $3,711,000. Aigen Investment Management LP boosted its position in shares of Barrick Gold by 330.5% during the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer's stock worth $1,974,000 after acquiring an additional 76,186 shares during the last quarter. Finally, Evexia Wealth LLC purchased a new position in Barrick Gold during the third quarter valued at $2,382,000. 62.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on GOLD. Jefferies Financial Group increased their price objective on shares of Barrick Gold from $23.00 to $24.00 and gave the company a "buy" rating in a report on Friday, September 13th. Scotiabank dropped their price target on Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research note on Monday, November 25th. Berenberg Bank lifted their price objective on Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. UBS Group downgraded Barrick Gold from a "buy" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Finally, Cibc World Mkts cut shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.60.

Barrick Gold Trading Down 2.6 %

NYSE:GOLD traded down $0.46 during mid-day trading on Thursday, hitting $17.17. 12,069,702 shares of the stock traded hands, compared to its average volume of 21,446,057. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $30.01 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 0.46 and a beta of 0.53. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35. The firm's 50 day moving average is $18.70 and its two-hundred day moving average is $18.53.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold's dividend payout ratio is currently 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.