International Assets Investment Management LLC lowered its holdings in Barrick Gold Corp (NYSE:GOLD – Free Report) (TSE:ABX) by 94.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,561 shares of the gold and copper producer’s stock after selling 406,898 shares during the period. International Assets Investment Management LLC’s holdings in Barrick Gold were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Exchange Traded Concepts LLC lifted its stake 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 worth $28,000 after purchasing an additional 935 shares during the period. Eastern Bank acquired a new position in Barrick Gold in the third quarter worth $32,000. JFS Wealth Advisors LLC increased its stake in shares of Barrick Gold by 451.7% in 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 buying an additional 1,563 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in Barrick Gold during the 3rd quarter worth about $60,000. Finally, BNP Paribas increased its position in Barrick Gold by 221.7% in the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock valued at $62,000 after acquiring an additional 2,113 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.
Analyst Upgrades and Downgrades
GOLD has been the topic of a number of recent research reports. Scotiabank decreased their price objective on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th. Berenberg Bank raised their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, CIBC downgraded shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average price target of $24.82.
Barrick Gold Trading Down 0.8 %
Shares of NYSE:GOLD opened at $15.72 on Friday. The company’s 50-day moving average price is $16.81 and its two-hundred day moving average price is $18.39. Barrick Gold Corp has a one year low of $13.76 and a one year high of $21.35. 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 stock has a market capitalization of $27.37 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 0.47 and a beta of 0.54.
Barrick Gold Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.54%. Barrick Gold’s dividend payout ratio is presently 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.
See Also
- Five stocks we like better than Barrick Gold
- The 3 Best Retail Stocks to Shop for in August
- 3 Defense Stocks Gaining From Budget and Interest Rate Pressures
- How to Read Stock Charts for Beginners
- 3 Natural Gas Stocks Set to Thrive in This Winter’s Freeze
- What is MarketRank™? How to Use it
- Bullish on Athleisure? Here’s Why Lululemon Stock Shines
Want to see what other hedge funds are holding GOLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrick Gold Corp (NYSE:GOLD – Free Report) (TSE:ABX).
Receive News & Ratings for Barrick Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrick Gold and related companies with MarketBeat.com's FREE daily email newsletter.