Analysts’ Weekly Ratings Updates for Barrick Gold (GOLD)

Barrick Gold (NYSE: GOLD) recently received a number of ratings updates from brokerages and research firms:

• 11/26/2024 – Barrick Gold had its price target lowered by analysts at TD Securities from $26.00 to $25.00. They now have a “buy” rating on the stock.
• 11/26/2024 – Barrick Gold had its price target raised by analysts at Berenberg Bank from $37.00 to $38.00.
• 11/25/2024 – Barrick Gold had its price target lowered by analysts at Scotiabank from $24.00 to $23.00. They now have a “sector outperform” rating on the stock.
• 11/25/2024 – Barrick Gold had its price target lowered by analysts at Raymond James from $26.00 to $25.00. They now have an “outperform” rating on the stock.
• 11/25/2024 – Barrick Gold was downgraded by analysts at CIBC from a “sector outperform” rating to a “neutral” rating.
• 11/25/2024 – Barrick Gold was downgraded by analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating.
• 11/8/2024 – Barrick Gold had its price target lowered by analysts at Scotiabank from $25.00 to $24.00. They now have a “sector outperform” rating on the stock.
• 11/8/2024 – Barrick Gold had its price target lowered by analysts at TD Securities from $27.00 to $26.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Barrick Gold was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $22.00 price target on the stock, down previously from $23.00.
• 10/15/2024 – Barrick Gold had its price target raised by analysts at UBS Group AG from $22.00 to $23.00. They now have a “buy” rating on the stock.

Barrick Gold Stock Down 0.7 %

NYSE GOLD traded down $0.13 on Wednesday, reaching $17.48. The company had a trading volume of 13,267,517 shares, compared to its average volume of 21,484,170. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 0.47 and a beta of 0.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The company’s fifty day moving average is $19.08 and its 200-day moving average is $18.54.

Barrick Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. Barrick Gold’s payout ratio is 43.01%.

Institutional Investors Weigh In On Barrick Gold

A number of institutional investors and hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC grew its position in shares of 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 worth $28,000 after purchasing an additional 935 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of 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 worth $30,000 after acquiring an additional 1,572 shares in the last quarter. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Barrick Gold during the 2nd quarter worth approximately $32,000. Eastern Bank acquired a new stake in shares of Barrick Gold during the 3rd quarter worth approximately $32,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of Barrick Gold by 451.7% during the 3rd 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. 62.85% of the stock is owned by institutional investors.

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.