Fiera Capital Corp Sells 85,640 Shares of Barrick Gold Corp (NYSE:GOLD)

Fiera Capital Corp trimmed its position in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 81.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,787 shares of the gold and copper producer's stock after selling 85,640 shares during the quarter. Fiera Capital Corp's holdings in Barrick Gold were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. DCF Advisers LLC increased its position in shares of Barrick Gold by 48.3% during the second quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer's stock valued at $1,793,000 after purchasing an additional 35,000 shares during the period. Evexia Wealth LLC acquired a new stake in shares of Barrick Gold in the third quarter valued at $2,382,000. 1832 Asset Management L.P. boosted its holdings in Barrick Gold by 3.6% in the first quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer's stock valued at $18,135,000 after acquiring an additional 38,100 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Barrick Gold in the second quarter valued at about $934,000. Finally, Hara Capital LLC bought a new position in Barrick Gold in the third quarter valued at about $1,690,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Stock Performance

Shares of GOLD stock traded down $0.92 during trading on Monday, reaching $17.48. 26,546,346 shares of the company's stock were exchanged, compared to its average volume of 21,260,578. The company has a quick ratio of 2.31, a current ratio of 3.01 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $30.56 billion, a PE ratio of 20.22, a PEG ratio of 0.43 and a beta of 0.56. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35. The firm's fifty day moving average price is $19.95 and its 200-day moving average price is $18.49.

Barrick Gold (NYSE:GOLD - Get Free Report) TSE: ABX last released its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. Barrick Gold had a return on equity of 5.53% and a net margin of 12.78%. The firm's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. As a group, sell-side analysts anticipate that Barrick Gold Corp will post 1.29 EPS for the current year.

Barrick Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. Barrick Gold's payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

GOLD has been the topic of several recent research reports. TD Securities decreased their price target on Barrick Gold from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Friday. Royal Bank of Canada raised their price target on Barrick Gold from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Raymond James reduced their target price on Barrick Gold from $26.50 to $26.00 and set an "outperform" rating on the stock in a report on Thursday, September 26th. Argus upgraded Barrick Gold from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Thursday, August 29th. Finally, UBS Group cut Barrick Gold from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Barrick Gold presently has an average rating of "Moderate Buy" and an average price target of $23.90.

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.