Entropy Technologies LP Acquires 300,336 Shares of Barrick Gold Corp (NYSE:GOLD)

Entropy Technologies LP increased its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 161.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,922 shares of the gold and copper producer’s stock after buying an additional 300,336 shares during the period. Barrick Gold accounts for about 0.8% of Entropy Technologies LP’s investment portfolio, making the stock its 11th biggest holding. Entropy Technologies LP’s holdings in Barrick Gold were worth $7,547,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in shares of 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 acquiring an additional 935 shares in the last quarter. Eastern Bank bought a new stake in shares of Barrick Gold during the third quarter worth $32,000. JFS Wealth Advisors LLC increased its position in shares of 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 worth $38,000 after acquiring an additional 1,563 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in shares of Barrick Gold during the third quarter worth $60,000. Finally, BNP Paribas increased its position in shares of Barrick Gold by 221.7% during the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after acquiring an additional 2,113 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Trading Down 0.8 %

GOLD opened at $17.04 on Friday. The company’s 50 day moving average is $16.19 and its 200-day moving average is $18.18. 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 company has a market cap of $29.42 billion, a P/E ratio of 18.32, a PEG ratio of 0.39 and a beta of 0.55.

Analysts Set New Price Targets

GOLD has been the subject of several research reports. TD Securities lowered their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Scotiabank cut shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $23.00 to $19.00 in a report on Thursday, January 30th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Berenberg Bank increased their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Finally, Raymond James reduced their target price on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.83.

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.