Barrick Gold Corp (NYSE:GOLD) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 23.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,351 shares of the gold and copper producer’s stock after selling 10,814 shares during the period. Atria Investments Inc’s holdings in Barrick Gold were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOLD. Vanguard Group Inc. lifted its stake in Barrick Gold by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 64,761,067 shares of the gold and copper producer’s stock valued at $1,077,624,000 after buying an additional 1,089,572 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in shares of Barrick Gold by 3.7% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 18,837,028 shares of the gold and copper producer’s stock worth $314,254,000 after purchasing an additional 666,214 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Barrick Gold by 3.3% during the 2nd quarter. CIBC Asset Management Inc now owns 14,546,530 shares of the gold and copper producer’s stock worth $242,491,000 after purchasing an additional 461,406 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Barrick Gold by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,471,407 shares of the gold and copper producer’s stock worth $124,635,000 after purchasing an additional 1,057,886 shares during the period. Finally, Mondrian Investment Partners LTD lifted its stake in shares of Barrick Gold by 1.5% during the 2nd quarter. Mondrian Investment Partners LTD now owns 5,975,918 shares of the gold and copper producer’s stock worth $110,614,000 after purchasing an additional 88,008 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOLD. Royal Bank of Canada increased their target price on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group increased their target price on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. TD Securities cut their target price on Barrick Gold from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Raymond James cut their target price on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, September 26th. Finally, UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.90.

Barrick Gold Trading Up 3.1 %

GOLD opened at $17.73 on Wednesday. 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’s fifty day moving average is $19.61 and its two-hundred day moving average is $18.50. The firm has a market cap of $30.99 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.39 and a beta of 0.56.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 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.