Barrick Gold Corp (NYSE:GOLD) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC trimmed its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,481 shares of the gold and copper producer’s stock after selling 895 shares during the period. Diversify Advisory Services LLC’s holdings in Barrick Gold were worth $196,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GOLD. Exchange Traded Concepts LLC grew its holdings in Barrick Gold by 198.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after buying an additional 935 shares in the last quarter. Eastern Bank bought a new position in shares of Barrick Gold in the third quarter worth $32,000. JFS Wealth Advisors LLC increased its holdings in shares of Barrick Gold by 451.7% during 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 purchasing an additional 1,563 shares during the period. AlphaMark Advisors LLC acquired a new stake in Barrick Gold in the third quarter worth about $60,000. Finally, BNP Paribas grew 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 buying an additional 2,113 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Trading Down 0.0 %

Barrick Gold stock opened at $15.77 on Friday. The company has a 50 day moving average price of $16.45 and a 200 day moving average price of $18.33. 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 52 week low of $13.76 and a 52 week high of $21.35. The firm has a market capitalization of $27.23 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.31 and a beta of 0.54.

Barrick Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

Analysts Set New Price Targets

A number of research firms have commented on GOLD. CIBC downgraded shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. TD Securities decreased their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Citigroup dropped their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, Raymond James cut their price target on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.45.

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.