Great Valley Advisor Group Inc. Has $1.55 Million Stake in Barrick Gold Corp (NYSE:GOLD)

Great Valley Advisor Group Inc. lowered its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 8.6% in the third quarter, HoldingsChannel.com reports. The firm owned 78,005 shares of the gold and copper producer’s stock after selling 7,307 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Barrick Gold were worth $1,552,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased 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 buying an additional 935 shares during the period. Clean Yield Group bought a new position in Barrick Gold in the first quarter valued at about $25,000. Eastern Bank acquired a new stake in Barrick Gold in the third quarter worth about $32,000. Crewe Advisors LLC raised its holdings in Barrick Gold by 628.8% during the 2nd quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock worth $30,000 after purchasing an additional 1,572 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in Barrick Gold by 451.7% during 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 purchasing an additional 1,563 shares during the period. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Performance

GOLD stock opened at $18.22 on Monday. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35. The business’s 50-day moving average price is $19.47 and its two-hundred day moving average price is $18.53. The firm has a market cap of $31.85 billion, a PE ratio of 19.59, a P/E/G ratio of 0.43 and a beta of 0.56. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.20%. Barrick Gold’s dividend payout ratio is presently 43.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GOLD shares. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. TD Securities lowered their target price on shares of Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, November 8th. Jefferies Financial Group upped their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the company 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 on the stock in a research report on Thursday, September 26th. Finally, Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.90.

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.