Barrick Gold Corp (NYSE:GOLD) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX by 18.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,048,413 shares of the gold and copper producer's stock after selling 238,158 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Barrick Gold worth $20,853,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Exchange Traded Concepts LLC raised its holdings in shares of 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 worth $28,000 after purchasing an additional 935 shares during the period. Crewe Advisors LLC raised its stake 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 period. Jackson Grant Investment Advisers Inc. bought a new position in Barrick Gold in the second quarter worth about $32,000. Eastern Bank acquired a new position in Barrick Gold in the third quarter valued at approximately $32,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of 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 valued at $38,000 after purchasing an additional 1,563 shares during the last quarter. Institutional investors own 62.85% of the company's stock.

Analyst Upgrades and Downgrades

GOLD has been the topic of several recent research reports. Jefferies Financial Group raised their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, September 13th. TD Securities reduced their price target on shares of Barrick Gold from $26.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. Scotiabank lowered their price target on shares of Barrick Gold from $24.00 to $23.00 and set a "sector outperform" rating for the company in a research report on Monday, November 25th. UBS Group downgraded shares of Barrick Gold from a "buy" rating to a "neutral" rating and cut their price objective for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Finally, Raymond James decreased their target price on shares of Barrick Gold from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Barrick Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.60.

Barrick Gold Price Performance

Shares of GOLD traded down $0.18 during midday trading on Friday, reaching $16.77. The stock had a trading volume of 20,397,524 shares, compared to its average volume of 21,539,371. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The company has a market capitalization of $29.31 billion, a P/E ratio of 18.03, a P/E/G ratio of 0.48 and a beta of 0.53. The firm's 50 day moving average price is $18.94 and its 200-day moving average price is $18.52. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $21.35.

Barrick Gold Announces Dividend

The firm 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. This represents a $0.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Friday, November 29th. Barrick Gold's payout ratio is 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.