Barrick Gold Corp (NYSE:GOLD) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC reduced its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,998,118 shares of the gold and copper producer’s stock after selling 17,060 shares during the period. Barrick Gold makes up about 7.3% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Euro Pacific Asset Management LLC owned approximately 0.11% of Barrick Gold worth $39,931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DCF Advisers LLC increased its stake in shares of Barrick Gold by 48.3% in the 2nd quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock valued at $1,793,000 after acquiring an additional 35,000 shares during the last quarter. Entropy Technologies LP acquired a new stake in Barrick Gold in the third quarter worth $3,711,000. Aigen Investment Management LP boosted its position in shares of Barrick Gold by 330.5% during 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 in the last quarter. Evexia Wealth LLC acquired a new position in shares of Barrick Gold in the 3rd quarter valued at $2,382,000. Finally, 1832 Asset Management L.P. increased its position in shares of Barrick Gold by 3.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer’s stock valued at $18,135,000 after buying an additional 38,100 shares in the last quarter. 62.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, August 29th. Royal Bank of Canada boosted their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Raymond James lowered their target price on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, Scotiabank decreased their price objective on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Barrick Gold currently has a consensus rating of “Moderate Buy” and an average price target of $23.90.

Barrick Gold Stock Performance

NYSE GOLD opened at $16.64 on Friday. The firm’s fifty day moving average price is $19.69 and its two-hundred day moving average price is $18.46. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The firm has a market capitalization of $29.09 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 0.40 and a beta of 0.56. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s 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.