Euro Pacific Asset Management LLC Sells 10,749 Shares of Barrick Gold Corp (NYSE:GOLD)

Euro Pacific Asset Management LLC trimmed its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,987,369 shares of the gold and copper producer’s stock after selling 10,749 shares during the quarter. Barrick Gold accounts for approximately 6.7% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Euro Pacific Asset Management LLC owned 0.12% of Barrick Gold worth $31,083,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GOLD. Exchange Traded Concepts LLC raised its stake 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 acquiring an additional 935 shares in the last quarter. Eastern Bank acquired a new stake in Barrick Gold in the 3rd quarter valued at about $32,000. JFS Wealth Advisors LLC boosted its stake in shares of Barrick Gold by 451.7% in the 3rd 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 during the period. AlphaMark Advisors LLC acquired a new position in shares of Barrick Gold during the third quarter worth about $60,000. Finally, BNP Paribas increased its stake 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 buying an additional 2,113 shares during the period. 62.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Scotiabank downgraded shares of Barrick Gold from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $23.00 to $19.00 in a research note on Tuesday. Raymond James decreased their price objective on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Berenberg Bank increased their target price on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, TD Securities dropped their price objective on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.45.

Barrick Gold Trading Up 1.9 %

NYSE:GOLD opened at $16.13 on Friday. 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’s 50 day moving average price is $16.43 and its 200 day moving average price is $18.31. The company has a market capitalization of $27.85 billion, a PE ratio of 17.34, a P/E/G ratio of 0.30 and a beta of 0.54.

Barrick Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.48%. Barrick Gold’s payout ratio is 43.01%.

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.