Barrick Gold Corp (NYSE:GOLD) Shares Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC boosted its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 21.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,317,580 shares of the gold and copper producer's stock after acquiring an additional 413,012 shares during the quarter. Barrick Gold accounts for 1.0% of Mizuho Markets Americas LLC's holdings, making the stock its 24th largest position. Mizuho Markets Americas LLC owned approximately 0.13% of Barrick Gold worth $46,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. DCF Advisers LLC increased its position in shares of Barrick Gold by 48.3% in 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 buying an additional 35,000 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Barrick Gold in the third quarter valued at approximately $3,711,000. Aigen Investment Management LP increased its position in shares of Barrick Gold by 330.5% in the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer's stock valued at $1,974,000 after buying an additional 76,186 shares in the last quarter. Evexia Wealth LLC purchased a new stake in shares of Barrick Gold in the third quarter valued at approximately $2,382,000. Finally, 1832 Asset Management L.P. increased its position in shares of 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 buying an additional 38,100 shares in the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on GOLD shares. TD Securities dropped their price target on Barrick Gold from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, November 8th. UBS Group cut Barrick Gold from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. 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 research report on Tuesday, September 10th. Argus upgraded Barrick Gold from a "hold" rating to a "buy" rating and set a $24.00 price target for the company in a research report on Thursday, August 29th. Finally, Scotiabank dropped their price target on Barrick Gold from $25.00 to $24.00 and set a "sector outperform" rating for the company in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.90.

Barrick Gold Price Performance

Shares of GOLD traded down $0.20 during mid-day trading on Friday, hitting $16.65. The company's stock had a trading volume of 19,671,383 shares, compared to its average volume of 21,424,260. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $18.46. The firm has a market capitalization of $29.11 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.40 and a beta of 0.56. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35.

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 given a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. Barrick Gold's dividend payout ratio is presently 43.01%.

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.