Barrick Gold Corp (NYSE:GOLD) Shares Sold by Maj Invest Holding A S

Maj Invest Holding A S trimmed its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 464,699 shares of the gold and copper producer’s stock after selling 19,959 shares during the period. Barrick Gold comprises 0.2% of Maj Invest Holding A S’s investment portfolio, making the stock its 23rd biggest holding. Maj Invest Holding A S’s holdings in Barrick Gold were worth $7,203,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock worth $9,630,000 after buying an additional 80,366 shares in the last quarter. Mizuho Markets Americas LLC lifted its holdings in shares of Barrick Gold by 21.7% in the third 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 purchasing an additional 413,012 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Barrick Gold in the third quarter valued at approximately $3,711,000. Aigen Investment Management LP increased its stake in shares of Barrick Gold by 330.5% during 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 purchasing an additional 76,186 shares in the last quarter. Finally, Evexia Wealth LLC acquired a new position in shares of Barrick Gold during the 3rd quarter worth approximately $2,382,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOLD has been the topic of a number of analyst reports. TD Securities lowered their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Berenberg Bank boosted their target price on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Citigroup lowered their price target 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 World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Barrick Gold has a consensus rating of “Moderate Buy” and a consensus price target of $24.45.

Barrick Gold Stock Up 1.9 %

Shares of NYSE GOLD opened at $16.13 on Monday. The stock has a fifty day moving average price of $16.42 and a 200 day moving average price of $18.31. 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. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month 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.

Barrick Gold Announces Dividend

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