Klein Pavlis & Peasley Financial Inc. Increases Stake in Barrick Gold Corp (NYSE:GOLD)

Klein Pavlis & Peasley Financial Inc. increased its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,222 shares of the gold and copper producer’s stock after buying an additional 8,041 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Barrick Gold were worth $1,026,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOLD. Exchange Traded Concepts LLC lifted its holdings 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 worth $28,000 after acquiring an additional 935 shares during the last quarter. Eastern Bank purchased a new position in shares of Barrick Gold during the third quarter worth $32,000. JFS Wealth Advisors LLC grew 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 purchased a new stake in shares of Barrick Gold in the 3rd quarter valued at $60,000. Finally, BNP Paribas lifted its stake in Barrick Gold by 221.7% during the 3rd 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. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Performance

Shares of GOLD opened at $17.13 on Thursday. 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. The stock has a 50 day moving average price of $16.21 and a 200 day moving average price of $18.20. The company has a market capitalization of $29.59 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 0.36 and a beta of 0.55.

Analysts Set New Price Targets

Several analysts have recently issued reports on GOLD shares. Berenberg Bank increased their price target on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. TD Securities cut their price objective on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Citigroup lowered their target price 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. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.92.

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.