4,162 Shares in Barrick Gold Corp (NYSE:GOLD) Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. purchased a new stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,162 shares of the gold and copper producer’s stock, valued at approximately $65,000.

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 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 purchased a new position in Barrick Gold in the third quarter valued at about $32,000. JFS Wealth Advisors LLC raised its position in 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 acquired a new position in shares of Barrick Gold during the third quarter worth about $60,000. Finally, BNP Paribas boosted its position in shares of Barrick Gold by 221.7% in 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 currently owned by hedge funds and other institutional investors.

Barrick Gold Stock Up 2.3 %

Shares of Barrick Gold stock opened at $17.44 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $16.19 and a 200 day moving average price of $18.17. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The firm has a market cap of $30.11 billion, a P/E ratio of 18.75, a P/E/G ratio of 0.39 and a beta of 0.55.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GOLD shares. TD Securities dropped their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Berenberg Bank raised their price target on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Raymond James cut their price objective on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

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.