Barrick Gold Corp (NYSE:GOLD) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC reduced its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,987,369 shares of the gold and copper producer’s stock after selling 10,749 shares during the quarter. Barrick Gold accounts for 6.7% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Euro Pacific Asset Management LLC’s holdings in Barrick Gold were worth $31,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC lifted its position in Barrick Gold by 198.1% in the third 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. Eastern Bank acquired a new stake in shares of Barrick Gold in the 3rd quarter valued at approximately $32,000. JFS Wealth Advisors LLC boosted its stake in shares of Barrick Gold by 451.7% in 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. AlphaMark Advisors LLC acquired a new position in Barrick Gold during the third quarter worth $60,000. Finally, BNP Paribas raised its position in Barrick Gold by 221.7% in 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 and hedge funds own 62.85% of the company’s stock.

Barrick Gold Stock Up 1.9 %

GOLD opened at $16.13 on Friday. The firm has a market cap of $27.85 billion, a P/E ratio of 17.34, a PEG ratio of 0.30 and a beta of 0.54. The business’s fifty day simple moving average is $16.43 and its 200 day simple moving average is $18.31. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week 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 declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.10 per share. The ex-dividend date 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 (DPR) is presently 43.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Raymond James lowered their target price on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Scotiabank downgraded shares of Barrick Gold from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $23.00 to $19.00 in a research report on Tuesday. Citigroup dropped their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Finally, CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research 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. According to MarketBeat.com, the stock presently 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.