Barrick Gold Corp (NYSE:GOLD) Short Interest Update

Barrick Gold Corp (NYSE:GOLD - Get Free Report) TSE: ABX was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 20,404,300 shares, a growth of 34.2% from the November 15th total of 15,209,700 shares. Based on an average trading volume of 21,546,800 shares, the short-interest ratio is presently 0.9 days. Currently, 1.2% of the company's stock are sold short.

Barrick Gold Price Performance

Shares of Barrick Gold stock traded down $0.38 on Friday, hitting $16.79. 13,350,855 shares of the company traded hands, compared to its average volume of 21,413,570. Barrick Gold has a 12-month low of $13.76 and a 12-month high of $21.35. The firm's 50-day simple moving average is $18.64 and its 200 day simple moving average is $18.52. The company has a market cap of $29.23 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.47 and a beta of 0.53. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. Barrick Gold's dividend payout ratio (DPR) is 43.01%.

Institutional Trading of Barrick Gold

Several institutional investors have recently added to or reduced their stakes in the business. Inspire Trust Co. N.A. grew its holdings in shares of Barrick Gold by 25.2% in the third quarter. Inspire Trust Co. N.A. now owns 49,700 shares of the gold and copper producer's stock worth $989,000 after purchasing an additional 10,000 shares during the last quarter. Synovus Financial Corp purchased a new stake in Barrick Gold during the 3rd quarter valued at $210,000. Wilmington Savings Fund Society FSB bought a new stake in Barrick Gold in the 3rd quarter worth $517,000. Chelsea Counsel Co. increased its position in shares of Barrick Gold by 1.4% in the third quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer's stock valued at $855,000 after acquiring an additional 590 shares during the period. Finally, Bard Financial Services Inc. raised its stake in shares of Barrick Gold by 3.5% during the third quarter. Bard Financial Services Inc. now owns 55,875 shares of the gold and copper producer's stock valued at $1,111,000 after acquiring an additional 1,875 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GOLD. TD Securities cut their target price 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. Royal Bank of Canada upped their target price on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Argus raised shares of Barrick Gold from a "hold" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Thursday, August 29th. UBS Group cut shares of Barrick Gold from a "buy" rating to a "neutral" rating and cut their price target for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, CIBC lowered shares of Barrick Gold from a "sector outperform" rating to a "neutral" rating in a research note on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.60.

About Barrick Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.