Perpetual Ltd Sells 103,811 Shares of Barrick Gold Corp (NYSE:GOLD)

Perpetual Ltd trimmed its stake in shares of Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,545,971 shares of the gold and copper producer's stock after selling 103,811 shares during the quarter. Perpetual Ltd owned approximately 0.20% of Barrick Gold worth $54,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOLD. Exchange Traded Concepts LLC boosted 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 last quarter. Eastern Bank bought a new stake in shares of Barrick Gold during the 3rd quarter valued at about $32,000. JFS Wealth Advisors LLC grew its stake 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 purchasing an additional 1,563 shares during the period. AlphaMark Advisors LLC bought a new stake in Barrick Gold in the third quarter worth approximately $60,000. Finally, BNP Paribas lifted its stake in Barrick Gold by 221.7% in the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer's stock valued at $62,000 after buying an additional 2,113 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOLD. Berenberg Bank raised their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. UBS Group lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Scotiabank cut shares of Barrick Gold from a "sector outperform" rating to a "sector perform" rating and cut their price objective for the stock from $23.00 to $19.00 in a research report on Tuesday. Citigroup decreased their target price on Barrick Gold from $23.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. Finally, CIBC lowered Barrick Gold from a "sector outperform" rating to a "neutral" rating in a report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.45.

Barrick Gold Stock Up 0.0 %

NYSE GOLD traded up $0.01 on Tuesday, reaching $16.01. The company had a trading volume of 9,314,827 shares, compared to its average volume of 15,585,803. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $27.64 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.30 and a beta of 0.54. The company's fifty day moving average is $16.50 and its 200 day moving average is $18.36. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, November 29th. Barrick Gold's payout ratio is 43.01%.

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.