Barrick Gold Corp (NYSE:GOLD) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 33.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,847 shares of the gold and copper producer’s stock after selling 5,834 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Barrick Gold were worth $197,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Bard Financial Services Inc. grew its holdings in shares of Barrick Gold by 2.4% in the 2nd quarter. Bard Financial Services Inc. now owns 54,000 shares of the gold and copper producer’s stock worth $901,000 after acquiring an additional 1,250 shares during the period. Lynx Investment Advisory acquired a new stake in Barrick Gold in the second quarter valued at $160,000. City State Bank increased its position in shares of Barrick Gold by 338.6% in the second quarter. City State Bank now owns 2,500 shares of the gold and copper producer’s stock valued at $42,000 after buying an additional 1,930 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new position in shares of Barrick Gold during the 2nd quarter worth $55,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Barrick Gold in the 2nd quarter worth about $83,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GOLD shares. BMO Capital Markets dropped their target price on shares of Barrick Gold from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Jefferies Financial Group raised their price objective on shares of Barrick Gold from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, CIBC upped their target price on Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.20.

Barrick Gold Trading Down 3.4 %

Shares of GOLD stock traded down $0.59 during mid-day trading on Wednesday, hitting $16.80. 25,805,614 shares of the company’s stock were exchanged, compared to its average volume of 21,807,738. The stock has a market cap of $29.45 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 0.48 and a beta of 0.51. The company has a quick ratio of 2.49, a current ratio of 3.32 and a debt-to-equity ratio of 0.15. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $19.45. The stock has a 50-day simple moving average of $17.33 and a two-hundred day simple moving average of $16.57.

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.