De Lisle Partners LLP Increases Position in Barrick Gold Corp (NYSE:GOLD)

De Lisle Partners LLP increased its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,000 shares of the gold and copper producer’s stock after buying an additional 10,000 shares during the quarter. De Lisle Partners LLP’s holdings in Barrick Gold were worth $3,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 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 during the period. Mizuho Markets Americas LLC increased its stake 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 valued at $46,097,000 after buying an additional 413,012 shares during the period. Entropy Technologies LP purchased a new position in Barrick Gold during the 3rd quarter worth $3,711,000. Aigen Investment Management LP lifted its stake in shares of 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 worth $1,974,000 after acquiring an additional 76,186 shares during the period. Finally, Evexia Wealth LLC purchased a new stake in shares of Barrick Gold in the third quarter valued at about $2,382,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GOLD shares. Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, August 29th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada upped their price target on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Raymond James reduced their price objective on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday. Finally, UBS Group lowered shares of 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 research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.91.

Barrick Gold Trading Up 0.1 %

Shares of GOLD opened at $17.58 on Thursday. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The firm has a 50 day simple moving average of $19.31 and a 200-day simple moving average of $18.53. The stock has a market cap of $30.73 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.42 and a beta of 0.56.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.28%. Barrick Gold’s dividend payout ratio (DPR) 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.