Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,912 shares of the gold and copper producer’s stock after purchasing an additional 1,036 shares during the period. Zions Bancorporation N.A.’s holdings in Barrick Gold were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GOLD. Clean Yield Group bought a new stake in Barrick Gold in the first quarter valued at $25,000. Exchange Traded Concepts LLC boosted its stake in Barrick Gold by 198.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after purchasing an additional 935 shares during the period. Crewe Advisors LLC boosted its stake in Barrick Gold by 628.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock valued at $30,000 after purchasing an additional 1,572 shares during the period. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Barrick Gold in the second quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new stake in shares of Barrick Gold in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GOLD shares. Raymond James decreased their price objective 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 downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Scotiabank decreased their price objective on shares of Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Finally, Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.90.

Barrick Gold Trading Down 1.2 %

NYSE:GOLD opened at $16.64 on Friday. The stock has a fifty day simple moving average of $19.74 and a 200 day simple moving average of $18.46. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.40 and a beta of 0.56. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s dividend payout ratio is 43.01%.

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.