Gateway Investment Advisers LLC increased its holdings in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,717 shares of the gold and copper producer's stock after purchasing an additional 17,980 shares during the period. Gateway Investment Advisers LLC's holdings in Barrick Gold were worth $4,320,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its position in shares of Barrick Gold by 198.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer's stock worth $28,000 after buying an additional 935 shares during the period. Eastern Bank bought a new position in shares of Barrick Gold during the 3rd quarter worth approximately $32,000. JFS Wealth Advisors LLC lifted its position in shares of Barrick Gold by 451.7% in the third quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer's stock worth $38,000 after purchasing an additional 1,563 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in Barrick Gold during the third quarter worth $60,000. Finally, BNP Paribas grew its position in Barrick Gold by 221.7% in the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer's stock valued at $62,000 after purchasing an additional 2,113 shares in the last quarter. Institutional investors own 62.85% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on GOLD shares. TD Securities lowered their price target on Barrick Gold from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. UBS Group cut Barrick Gold from a "buy" rating to a "neutral" rating and dropped their price target for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Citigroup reduced their price objective on shares of Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. CIBC lowered shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research report on Monday, November 25th. Finally, Scotiabank reduced their target price 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. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Barrick Gold currently has an average rating of "Moderate Buy" and an average target price of $24.82.
Get Our Latest Research Report on Barrick Gold
Barrick Gold Price Performance
GOLD stock traded up $0.25 during midday trading on Friday, reaching $16.00. The company had a trading volume of 15,270,538 shares, compared to its average volume of 14,353,890. 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. The company has a market capitalization of $27.85 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 0.28 and a beta of 0.54. The stock has a 50 day moving average price of $16.52 and a 200-day moving average price of $18.35.
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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold's payout ratio is 43.01%.
Barrick Gold Company Profile
(
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.
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