Barrick Gold Corp (NYSE:GOLD) Stock Position Lifted by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 154.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,645 shares of the gold and copper producer’s stock after purchasing an additional 5,246 shares during the period. Avior Wealth Management LLC’s holdings in Barrick Gold were worth $134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its stake in Barrick Gold by 25.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 231,375 shares of the gold and copper producer’s stock valued at $3,586,000 after acquiring an additional 46,478 shares during the last quarter. Systrade AG lifted its stake in shares of Barrick Gold by 42.8% in the fourth quarter. Systrade AG now owns 2,000,300 shares of the gold and copper producer’s stock worth $31,005,000 after buying an additional 600,000 shares during the last quarter. Clarius Group LLC acquired a new stake in shares of Barrick Gold in the fourth quarter worth $170,000. Arkadios Wealth Advisors acquired a new stake in shares of Barrick Gold in the fourth quarter worth $225,000. Finally, Merit Financial Group LLC lifted its stake in shares of Barrick Gold by 36.7% in the fourth quarter. Merit Financial Group LLC now owns 13,829 shares of the gold and copper producer’s stock worth $214,000 after buying an additional 3,712 shares during the last quarter. 62.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GOLD shares. Berenberg Bank boosted their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Citigroup cut their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Raymond James lowered their price target on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, November 25th. Finally, UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.92.

Barrick Gold Stock Down 0.7 %

GOLD opened at $15.95 on Wednesday. The firm’s 50-day simple moving average is $16.40 and its 200-day simple moving average is $18.30. 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 twelve month low of $13.76 and a twelve month high of $21.35. The firm has a market cap of $27.55 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.30 and a beta of 0.54.

Barrick Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.51%. 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.