Bangor Savings Bank Acquires 956 Shares of Barrick Gold Corp (NYSE:GOLD)

Bangor Savings Bank grew its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,025 shares of the gold and copper producer’s stock after buying an additional 956 shares during the quarter. Bangor Savings Bank’s holdings in Barrick Gold were worth $341,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after acquiring an additional 80,366 shares in the last quarter. DCF Advisers LLC increased its holdings in shares of Barrick Gold by 48.3% in the second quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock valued at $1,793,000 after purchasing an additional 35,000 shares in the last quarter. Mizuho Markets Americas LLC raised its position in Barrick Gold by 21.7% in 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 acquired a new position in Barrick Gold during the 3rd quarter worth $3,711,000. Finally, Aigen Investment Management LP boosted its position in Barrick Gold by 330.5% in the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock valued at $1,974,000 after buying an additional 76,186 shares during the last quarter. 62.85% of the stock is owned by institutional investors.

Barrick Gold Stock Up 0.4 %

NYSE:GOLD opened at $15.56 on Wednesday. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The stock has a 50-day moving average price of $17.03 and a two-hundred day moving average price of $18.42. The stock has a market cap of $27.09 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 0.47 and a beta of 0.54. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.57%. Barrick Gold’s payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

GOLD has been the subject of a number of recent research reports. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. TD Securities dropped their price objective on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Berenberg Bank raised their target price on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Jefferies Financial Group boosted their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Finally, Scotiabank reduced their price objective on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Monday, November 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Barrick Gold presently has a consensus rating of “Moderate Buy” and an average price target of $24.82.

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.