Barrick Gold Corp (NYSE:GOLD) Position Boosted by AlphaMark Advisors LLC

AlphaMark Advisors LLC raised its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 85.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,555 shares of the gold and copper producer’s stock after acquiring an additional 2,555 shares during the period. AlphaMark Advisors LLC’s holdings in Barrick Gold were worth $86,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GOLD. Exchange Traded Concepts LLC raised its holdings in Barrick Gold by 198.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after purchasing an additional 935 shares in the last quarter. Eastern Bank acquired a new stake in shares of Barrick Gold in the third quarter valued at $32,000. JFS Wealth Advisors LLC boosted its stake in 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 buying an additional 1,563 shares in the last quarter. BNP Paribas grew its stake in shares of Barrick Gold by 221.7% in the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in Barrick Gold by 24.1% in the third quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer’s stock worth $68,000 after buying an additional 659 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Barrick Gold Stock Performance

Shares of GOLD opened at $16.13 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.35. The company’s fifty day moving average is $16.42 and its 200-day moving average is $18.31. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.30 and a beta of 0.54.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.48%. Barrick Gold’s dividend payout ratio is currently 43.01%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GOLD. Scotiabank downgraded Barrick Gold from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $23.00 to $19.00 in a report on Tuesday, January 21st. Berenberg Bank raised their target price on Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Raymond James dropped their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a report 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.