Barrick Gold Corp (NYSE:GOLD) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. decreased its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,005 shares of the gold and copper producer’s stock after selling 7,307 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Barrick Gold were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. grew its holdings in shares of Barrick Gold by 3.7% in 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 acquiring an additional 666,214 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Barrick Gold by 3.3% in the 2nd quarter. CIBC Asset Management Inc now owns 14,546,530 shares of the gold and copper producer’s stock valued at $242,491,000 after purchasing an additional 461,406 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Barrick Gold by 221.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer’s stock worth $199,427,000 after purchasing an additional 6,904,934 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in 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 buying an additional 1,057,886 shares during the period. Finally, Mondrian Investment Partners LTD lifted its stake in Barrick Gold by 1.5% during the second quarter. Mondrian Investment Partners LTD now owns 5,975,918 shares of the gold and copper producer’s stock valued at $110,614,000 after buying an additional 88,008 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Performance

NYSE:GOLD opened at $18.22 on Monday. The firm has a market capitalization of $31.85 billion, a PE ratio of 19.59, a PEG ratio of 0.43 and a beta of 0.56. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $19.47 and its 200 day simple moving average is $18.53.

Barrick Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.20%. Barrick Gold’s payout ratio is 43.01%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GOLD shares. Jefferies Financial Group boosted their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. Argus raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, August 29th. TD Securities decreased their target price on Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Scotiabank lowered their price target on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their price objective on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.90.

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.