Crossmark Global Holdings Inc. Lowers Stake in Barrick Gold Corp (NYSE:GOLD)

Crossmark Global Holdings Inc. lessened its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 72.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,882 shares of the gold and copper producer’s stock after selling 47,414 shares during the period. Crossmark Global Holdings Inc.’s holdings in Barrick Gold were worth $355,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GOLD. Clean Yield Group bought a new position in shares of Barrick Gold during the 1st quarter worth $25,000. Exchange Traded Concepts LLC lifted its stake in Barrick Gold by 198.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after acquiring an additional 935 shares during the period. Crewe Advisors LLC grew its holdings in Barrick Gold by 628.8% during the 2nd 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 in the last quarter. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Barrick Gold in the 2nd quarter valued at about $32,000. Finally, Eastern Bank purchased a new stake in shares of Barrick Gold in the 3rd quarter worth approximately $32,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on GOLD shares. Jefferies Financial Group lifted their price objective on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. 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. Scotiabank dropped their price objective on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. Argus raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, August 29th. Finally, Raymond James cut their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, September 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.90.

Barrick Gold Trading Down 1.2 %

Shares of NYSE:GOLD opened at $16.65 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35. The stock has a market cap of $29.11 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.39 and a beta of 0.56. The business has a 50-day moving average price of $19.69 and a 200-day moving average price of $18.49.

Barrick Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. Barrick Gold’s payout ratio is 43.01%.

About Barrick Gold

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.