Barrick Gold Corp (NYSE:GOLD) Shares Sold by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. decreased its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,717,491 shares of the gold and copper producer's stock after selling 2,119,537 shares during the period. Barrick Gold makes up 2.6% of EdgePoint Investment Group Inc.'s investment portfolio, making the stock its 20th largest holding. EdgePoint Investment Group Inc. owned 0.96% of Barrick Gold worth $332,344,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its holdings in Barrick Gold by 198.1% in 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 purchasing an additional 935 shares during the last quarter. Eastern Bank purchased a new position in Barrick Gold during the 3rd quarter valued at about $32,000. Crewe Advisors LLC raised its position in Barrick Gold by 628.8% during the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer's stock worth $30,000 after acquiring an additional 1,572 shares during the last quarter. JFS Wealth Advisors LLC raised its position in Barrick Gold by 451.7% during 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 during the last quarter. Finally, Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Barrick Gold in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 62.85% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on GOLD shares. Jefferies Financial Group lifted their price objective on Barrick Gold from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their price target on Barrick Gold from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Tuesday, September 10th. Raymond James decreased their price objective on Barrick Gold from $26.00 to $25.00 and set an "outperform" rating on the stock in a research note on Monday, November 25th. UBS Group downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and cut their target price for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Finally, TD Securities decreased their price target on shares of Barrick Gold from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Four research 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.com, Barrick Gold has a consensus rating of "Moderate Buy" and a consensus target price of $25.60.

Barrick Gold Trading Down 1.1 %

Shares of GOLD traded down $0.18 during mid-day trading on Friday, hitting $16.77. The company had a trading volume of 20,821,104 shares, compared to its average volume of 24,266,284. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The business's 50-day simple moving average is $18.87 and its 200-day simple moving average is $18.52. The stock has a market cap of $29.31 billion, a PE ratio of 18.03, a P/E/G ratio of 0.48 and a beta of 0.53. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued 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 2.39%. Barrick Gold's dividend payout ratio (DPR) is presently 43.01%.

Barrick Gold Company 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.