Barrick Gold Corp (NYSE:GOLD) Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. cut its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,283,260 shares of the gold and copper producer’s stock after selling 9,404 shares during the quarter. GW Henssler & Associates Ltd. owned about 0.07% of Barrick Gold worth $19,891,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GOLD. Exchange Traded Concepts LLC increased its position in shares of Barrick Gold by 198.1% in 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 during the period. Eastern Bank acquired a new position in shares of Barrick Gold in the third quarter valued at about $32,000. JFS Wealth Advisors LLC increased its holdings 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 purchasing an additional 1,563 shares during the period. AlphaMark Advisors LLC purchased a new position in shares of Barrick Gold in the third quarter worth about $60,000. Finally, BNP Paribas lifted its holdings in shares of Barrick Gold by 221.7% during the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after purchasing an additional 2,113 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Trading Down 1.1 %

Shares of GOLD stock opened at $16.38 on Monday. The stock has a 50 day simple moving average of $16.25 and a 200-day simple moving average of $18.23. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The company has a market cap of $28.30 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 0.35 and a beta of 0.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06.

Barrick Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GOLD shares. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Berenberg Bank raised their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Citigroup lowered their price target on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. UBS Group cut Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, Scotiabank lowered Barrick Gold from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $23.00 to $19.00 in a report on Thursday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

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.