Capital Asset Advisory Services LLC Purchases 1,606 Shares of Barrick Gold Corp (NYSE:GOLD)

Capital Asset Advisory Services LLC grew its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,156 shares of the gold and copper producer’s stock after purchasing an additional 1,606 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Barrick Gold were worth $1,951,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Barrick Gold by 19.9% during the third quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after buying an additional 80,366 shares during the last quarter. 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 worth $46,097,000 after purchasing an additional 413,012 shares during the period. Entropy Technologies LP purchased a new stake in shares of Barrick Gold during the third quarter valued at approximately $3,711,000. Aigen Investment Management LP grew its holdings in shares of Barrick Gold by 330.5% in the third quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock worth $1,974,000 after purchasing an additional 76,186 shares during the last quarter. Finally, Evexia Wealth LLC purchased a new position in shares of Barrick Gold in the third quarter worth $2,382,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOLD has been the topic of several recent analyst reports. Berenberg Bank lifted their price target on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Citigroup lowered their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 20th. CIBC cut Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. UBS Group downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Finally, Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.45.

Barrick Gold Stock Performance

Shares of NYSE GOLD opened at $16.13 on Monday. The firm’s fifty day moving average is $16.42 and its two-hundred day moving average is $18.31. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35. The company has a market cap of $27.85 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.30 and a beta of 0.54. 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 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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio is presently 43.01%.

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.