Barrick Gold Corp (NYSE:GOLD) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP reduced its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 19.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,608,600 shares of the gold and copper producer's stock after selling 849,300 shares during the period. Two Sigma Advisers LP owned 0.21% of Barrick Gold worth $71,775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOLD. Exchange Traded Concepts LLC grew its position in 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 valued at $28,000 after acquiring an additional 935 shares during the period. Crewe Advisors LLC increased its position in Barrick Gold by 628.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer's stock worth $30,000 after purchasing an additional 1,572 shares in the last quarter. Jackson Grant Investment Advisers Inc. acquired a new position in Barrick Gold during the second quarter valued at approximately $32,000. Eastern Bank purchased a new stake in Barrick Gold during the third quarter worth approximately $32,000. Finally, JFS Wealth Advisors LLC increased 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 acquiring an additional 1,563 shares in the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Stock Down 1.1 %

GOLD stock traded down $0.18 during mid-day trading on Friday, hitting $16.77. 20,821,104 shares of the company were exchanged, compared to its average volume of 24,266,284. The company has a market capitalization of $29.31 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.48 and a beta of 0.53. The firm has a fifty day simple moving average of $18.87 and a 200 day simple moving average of $18.52. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.39%. 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 equities analysts recently weighed in on GOLD shares. CIBC lowered shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a report on Monday, November 25th. Cibc World Mkts cut Barrick Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Raymond James lowered their target price 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. Jefferies Financial Group boosted their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Finally, TD Securities decreased their price target on 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 given a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has an average rating of "Moderate Buy" and an average target price of $25.60.

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.