Bard Financial Services Inc. Decreases Stock Position in Barrick Gold Corp (NYSE:GOLD)

Bard Financial Services Inc. reduced its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,125 shares of the gold and copper producer’s stock after selling 3,750 shares during the quarter. Bard Financial Services Inc.’s holdings in Barrick Gold were worth $808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in shares of Barrick Gold by 198.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after buying an additional 935 shares during the last quarter. Eastern Bank acquired a new position in shares of Barrick Gold during the 3rd quarter worth approximately $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 last quarter. AlphaMark Advisors LLC purchased a new position in Barrick Gold during the third quarter worth approximately $60,000. Finally, BNP Paribas boosted its stake in 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 buying an additional 2,113 shares during the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Berenberg Bank lifted their price target on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank cut their target price on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th. Jefferies Financial Group raised their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Raymond James decreased their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.82.

Barrick Gold Stock Down 1.5 %

Shares of Barrick Gold stock traded down $0.23 during trading on Monday, hitting $15.61. 7,655,468 shares of the stock were exchanged, compared to its average volume of 10,415,716. The stock has a market cap of $27.18 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.47 and a beta of 0.54. The firm’s 50-day moving average price is $17.22 and its 200 day moving average price is $18.44. 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 Corp has a 12-month low of $13.76 and a 12-month high of $21.35.

Barrick Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.10 dividend. 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 2.56%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Barrick Gold Company 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.