Union Bancaire Privee UBP SA Purchases New Stake in Barrick Gold Corp (NYSE:GOLD)

Union Bancaire Privee UBP SA acquired a new stake in Barrick Gold Corp (NYSE:GOLD - Free Report) TSE: ABX in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,124 shares of the gold and copper producer's stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in shares of Barrick Gold by 19.9% during the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer's stock worth $9,630,000 after buying an additional 80,366 shares in the last quarter. Mizuho Markets Americas LLC raised its holdings in Barrick Gold by 21.7% during the 3rd quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer's stock worth $46,097,000 after purchasing an additional 413,012 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Barrick Gold in the 3rd quarter valued at about $3,711,000. Aigen Investment Management LP grew its position in shares of Barrick Gold by 330.5% during the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer's stock worth $1,974,000 after buying an additional 76,186 shares during the period. Finally, Crocodile Capital Partners GmbH raised its stake in shares of Barrick Gold by 97.3% during the fourth quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer's stock worth $22,630,000 after buying an additional 720,000 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company's stock.

Wall Street Analysts Forecast Growth

GOLD has been the topic of a number of analyst reports. UBS Group downgraded Barrick Gold from a "buy" rating to a "neutral" rating and cut their price target for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Raymond James lowered their price target on Barrick Gold from $26.00 to $25.00 and set an "outperform" rating for the company in a research note on Monday, November 25th. Cibc World Mkts lowered shares of Barrick Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Bank of America lowered shares of Barrick Gold from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $21.00 to $18.00 in a research note on Monday. Finally, Scotiabank lowered Barrick Gold from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $23.00 to $19.00 in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Barrick Gold presently has an average rating of "Moderate Buy" and an average price target of $23.92.

Barrick Gold Stock Performance

GOLD traded down $0.05 on Wednesday, reaching $15.92. The company had a trading volume of 20,114,134 shares, compared to its average volume of 18,077,555. The stock has a market cap of $27.49 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.30 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The company's fifty day moving average is $16.36 and its 200 day moving average is $18.28.

Barrick Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.51%. Barrick Gold's payout ratio is currently 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.