Barrick Gold Corp (NYSE:GOLD) Position Lifted by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC raised its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 21.7% during the third quarter, HoldingsChannel reports. The fund owned 2,317,580 shares of the gold and copper producer’s stock after acquiring an additional 413,012 shares during the quarter. Barrick Gold comprises approximately 1.0% of Mizuho Markets Americas LLC’s holdings, making the stock its 24th largest position. Mizuho Markets Americas LLC’s holdings in Barrick Gold were worth $46,097,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Clean Yield Group acquired a new stake in shares of Barrick Gold during the first quarter worth $25,000. Exchange Traded Concepts LLC raised its holdings 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 purchasing an additional 935 shares during the period. Crewe Advisors LLC raised its holdings in shares of Barrick Gold by 628.8% during the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock worth $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 during the second quarter worth $32,000. Finally, Eastern Bank acquired a new stake in shares of Barrick Gold during the third quarter worth $32,000. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Stock Performance

Shares of GOLD opened at $16.64 on Friday. The firm has a 50-day moving average price of $19.69 and a 200 day moving average price of $18.46. The firm has a market capitalization of $29.09 billion, a PE ratio of 17.89, a P/E/G ratio of 0.40 and a beta of 0.56. 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 Corp has a 52-week low of $13.76 and a 52-week high of $21.35.

Barrick Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. Barrick Gold’s dividend payout ratio (DPR) is 43.01%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GOLD shares. Jefferies Financial Group increased their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, September 13th. TD Securities dropped their price objective on shares of Barrick Gold from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Raymond James dropped their price objective on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, September 26th. Royal Bank of Canada increased their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Argus raised shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Barrick Gold currently has an average rating of “Moderate Buy” and a consensus target price of $23.90.

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.