Moors & Cabot Inc. Buys 579 Shares of Barrick Gold Corp (NYSE:GOLD)

Moors & Cabot Inc. boosted its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,085 shares of the gold and copper producer’s stock after acquiring an additional 579 shares during the period. Moors & Cabot Inc.’s holdings in Barrick Gold were worth $1,275,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its holdings in shares of Barrick Gold by 2.8% in the 3rd quarter. Ritholtz Wealth Management now owns 18,163 shares of the gold and copper producer’s stock worth $361,000 after purchasing an additional 502 shares during the period. Greenleaf Trust increased its position in Barrick Gold by 2.1% in the third quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer’s stock worth $510,000 after buying an additional 540 shares during the last quarter. Silverlake Wealth Management LLC raised its stake in shares of Barrick Gold by 1.3% in the third quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer’s stock valued at $992,000 after buying an additional 628 shares during the period. Avior Wealth Management LLC lifted its position in shares of Barrick Gold by 24.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,399 shares of the gold and copper producer’s stock valued at $68,000 after buying an additional 659 shares during the last quarter. Finally, Whitener Capital Management Inc. grew its stake in shares of Barrick Gold by 0.9% during the 3rd quarter. Whitener Capital Management Inc. now owns 73,185 shares of the gold and copper producer’s stock worth $1,456,000 after acquiring an additional 675 shares during the period. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Price Performance

GOLD stock opened at $18.12 on Friday. The firm has a 50 day simple moving average of $19.53 and a two-hundred day simple moving average of $18.49. The stock has a market cap of $31.67 billion, a PE ratio of 19.48, a P/E/G ratio of 0.42 and a beta of 0.56. Barrick Gold Corp has a one year low of $13.76 and a one year high of $21.35. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.21%. Barrick Gold’s payout ratio is 43.01%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GOLD. TD Securities lowered their price target on shares of Barrick Gold from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group increased their target price on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Raymond James reduced their price target on Barrick Gold from $26.50 to $26.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. UBS Group cut Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.90.

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.