Toronto Dominion Bank Buys 538,204 Shares of Barrick Gold Corp (NYSE:GOLD)

Toronto Dominion Bank raised its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 9.8% in the third quarter, HoldingsChannel reports. The firm owned 6,035,814 shares of the gold and copper producer’s stock after acquiring an additional 538,204 shares during the period. Toronto Dominion Bank’s holdings in Barrick Gold were worth $120,052,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Barrick Gold by 1.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 66,137 shares of the gold and copper producer’s stock valued at $1,103,000 after buying an additional 1,179 shares in the last quarter. ORG Partners LLC purchased a new position in Barrick Gold in the second quarter worth $42,000. 180 Wealth Advisors LLC increased its position in shares of Barrick Gold by 38.5% during the second quarter. 180 Wealth Advisors LLC now owns 16,542 shares of the gold and copper producer’s stock worth $300,000 after purchasing an additional 4,598 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of Barrick Gold by 22.4% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 26,308 shares of the gold and copper producer’s stock valued at $433,000 after purchasing an additional 4,808 shares during the last quarter. Finally, Whitener Capital Management Inc. boosted its position in shares of Barrick Gold by 4.5% in the 2nd quarter. Whitener Capital Management Inc. now owns 72,510 shares of the gold and copper producer’s stock worth $1,209,000 after purchasing an additional 3,130 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Thursday, August 29th. Finally, UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $22.00 in a research note on Wednesday, October 30th. Four 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 has a consensus rating of “Moderate Buy” and an average target price of $25.60.

Barrick Gold Trading Up 0.4 %

Shares of GOLD stock opened at $17.14 on Wednesday. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. The stock’s fifty day moving average is $18.81 and its two-hundred day moving average is $18.53. The firm has a market capitalization of $29.96 billion, a P/E ratio of 18.43, a PEG ratio of 0.46 and a beta of 0.53.

Barrick Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. Barrick Gold’s payout ratio is 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.