Barrick Gold Corp (NYSE:GOLD) Shares Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. decreased its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 681,447 shares of the gold and copper producer’s stock after selling 10,264 shares during the quarter. Barrick Gold comprises about 1.8% of Foundation Resource Management Inc.’s holdings, making the stock its 22nd biggest position. Foundation Resource Management Inc.’s holdings in Barrick Gold were worth $10,562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings 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 acquiring an additional 935 shares in the last quarter. Eastern Bank purchased a new position in shares of Barrick Gold during the 3rd quarter worth approximately $32,000. JFS Wealth Advisors LLC increased its stake 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 purchasing an additional 1,563 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of Barrick Gold during the 3rd quarter worth approximately $60,000. Finally, BNP Paribas lifted its stake in Barrick Gold by 221.7% in the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock valued at $62,000 after buying 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 Performance

Shares of NYSE:GOLD opened at $15.56 on Wednesday. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.35. The business has a 50-day moving average of $16.68 and a two-hundred day moving average of $18.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The firm has a market capitalization of $27.09 billion, a PE ratio of 16.73, a P/E/G ratio of 0.47 and a beta of 0.54.

Barrick Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.57%. Barrick Gold’s dividend payout ratio (DPR) is 43.01%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GOLD shares. Scotiabank cut their price target on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Citigroup cut their target price on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Berenberg Bank lifted their price target on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. CIBC downgraded shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Finally, Raymond James decreased 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Barrick Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.82.

About Barrick Gold

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.