Barrick Gold Corp (NYSE:GOLD) is Systrade AG’s Largest Position

Systrade AG lifted its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 42.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,000,300 shares of the gold and copper producer’s stock after purchasing an additional 600,000 shares during the period. Barrick Gold accounts for 49.9% of Systrade AG’s investment portfolio, making the stock its biggest holding. Systrade AG owned approximately 0.11% of Barrick Gold worth $31,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Barrick Gold by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 483,613 shares of the gold and copper producer’s stock valued at $9,630,000 after buying an additional 80,366 shares in the last quarter. Mizuho Markets Americas LLC grew its stake in Barrick Gold by 21.7% in the 3rd quarter. Mizuho Markets Americas LLC now owns 2,317,580 shares of the gold and copper producer’s stock valued at $46,097,000 after buying an additional 413,012 shares in the last quarter. Entropy Technologies LP purchased a new position in Barrick Gold in the 3rd quarter valued at approximately $3,711,000. Aigen Investment Management LP grew its stake in Barrick Gold by 330.5% in the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock valued at $1,974,000 after buying an additional 76,186 shares in the last quarter. Finally, Evexia Wealth LLC purchased a new position in Barrick Gold in the 3rd quarter valued at approximately $2,382,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Price Performance

GOLD stock opened at $16.00 on Monday. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.35. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $16.52 and a 200 day moving average price of $18.36. The stock has a market cap of $27.62 billion, a PE ratio of 17.20, a P/E/G ratio of 0.28 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. Stockholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. Barrick Gold’s payout ratio is presently 43.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GOLD shares. CIBC lowered shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank cut their price target on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Citigroup cut their price target on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Finally, Raymond James dropped their target price on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.82.

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.