Larson Financial Group LLC Sells 3,065 Shares of Barrick Gold Corp (NYSE:GOLD)

Larson Financial Group LLC lessened its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 17.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,151 shares of the gold and copper producer’s stock after selling 3,065 shares during the period. Larson Financial Group LLC’s holdings in Barrick Gold were worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in Barrick Gold by 19.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,839,056 shares of the gold and copper producer’s stock valued at $63,883,000 after buying an additional 628,477 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its stake in Barrick Gold by 27.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 56,105 shares of the gold and copper producer’s stock valued at $934,000 after purchasing an additional 12,000 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Barrick Gold by 10.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 12,895 shares of the gold and copper producer’s stock worth $215,000 after acquiring an additional 1,244 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Barrick Gold by 20.4% during the first quarter. Tidal Investments LLC now owns 39,196 shares of the gold and copper producer’s stock worth $637,000 after acquiring an additional 6,639 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Barrick Gold by 39.2% during the first quarter. Wahed Invest LLC now owns 19,200 shares of the gold and copper producer’s stock worth $320,000 after acquiring an additional 5,410 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Stock Performance

Barrick Gold stock opened at $17.58 on Thursday. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $19.31 and a 200-day moving average of $18.53. The firm has a market cap of $30.73 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.42 and a beta of 0.56. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35.

Barrick Gold Dividend Announcement

The business 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 annualized dividend and a yield of 2.28%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Analyst Ratings Changes

GOLD has been the topic of several research analyst reports. Berenberg Bank upped their price target on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday. Raymond James decreased their price target on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday. CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.00 in a report on Wednesday, October 30th. Finally, Scotiabank reduced their target price on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating on the stock in a research note on Monday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.91.

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.