Realta Investment Advisors Boosts Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

Realta Investment Advisors boosted its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,221 shares of the gold and copper producer’s stock after purchasing an additional 5,521 shares during the quarter. Realta Investment Advisors’ holdings in Barrick Gold were worth $574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Klein Pavlis & Peasley Financial Inc. boosted its position in shares of Barrick Gold by 13.8% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 66,222 shares of the gold and copper producer’s stock valued at $1,026,000 after acquiring an additional 8,041 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in Barrick Gold by 62.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 19,765 shares of the gold and copper producer’s stock valued at $306,000 after purchasing an additional 7,600 shares in the last quarter. Valley National Advisers Inc. bought a new position in Barrick Gold during the fourth quarter valued at $101,000. DAVENPORT & Co LLC grew its stake in shares of Barrick Gold by 51.3% in the 4th quarter. DAVENPORT & Co LLC now owns 84,037 shares of the gold and copper producer’s stock worth $1,303,000 after buying an additional 28,507 shares in the last quarter. Finally, Keudell Morrison Wealth Management bought a new stake in shares of Barrick Gold in the 4th quarter worth about $156,000. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Trading Up 0.2 %

GOLD stock opened at $17.19 on Friday. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.35. The firm’s 50-day moving average is $16.20 and its 200 day moving average is $18.19. The company has a market capitalization of $29.69 billion, a PE ratio of 18.48, a P/E/G ratio of 0.36 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GOLD. Berenberg Bank increased their price target on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Bank of America lowered Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Raymond James lowered their price target on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Finally, CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.92.

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.