International Assets Investment Management LLC Has $376,000 Holdings in Barrick Gold Corp (NYSE:GOLD)

International Assets Investment Management LLC reduced its holdings in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 94.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,561 shares of the gold and copper producer's stock after selling 406,898 shares during the period. International Assets Investment Management LLC's holdings in Barrick Gold were worth $376,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Barrick Gold by 221.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer's stock valued at $199,427,000 after acquiring an additional 6,904,934 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Barrick Gold by 4,713.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,144,456 shares of the gold and copper producer's stock worth $69,141,000 after purchasing an additional 4,058,351 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Barrick Gold by 33.3% during the third quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer's stock worth $227,524,000 after buying an additional 2,854,055 shares during the last quarter. Wellington Management Group LLP increased its position in Barrick Gold by 2.7% during the third quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer's stock worth $1,088,484,000 after buying an additional 1,458,084 shares during the last quarter. Finally, Sound Shore Management Inc. CT lifted its position in shares of Barrick Gold by 48.2% in the second quarter. Sound Shore Management Inc. CT now owns 4,455,551 shares of the gold and copper producer's stock worth $74,319,000 after buying an additional 1,449,862 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Price Performance

Shares of Barrick Gold stock traded down $0.12 during midday trading on Friday, hitting $15.72. 19,658,767 shares of the company were exchanged, compared to its average volume of 16,624,277. The firm has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $18.41. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35. The firm has a market cap of $27.37 billion, a P/E ratio of 16.90, a PEG ratio of 0.47 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.54%. Barrick Gold's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analysts Forecast Growth

GOLD has been the subject of several analyst reports. Scotiabank reduced their target price on Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating for the company in a report on Monday, November 25th. UBS Group downgraded shares of 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. CIBC downgraded shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a report on Monday, November 25th. Berenberg Bank upped their price target on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Finally, Raymond James lowered their price target on Barrick Gold from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $24.82.

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.