apricus wealth LLC Sells 5,200 Shares of Barrick Gold Corp (NYSE:GOLD)

apricus wealth LLC trimmed its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,650 shares of the gold and copper producer’s stock after selling 5,200 shares during the period. apricus wealth LLC’s holdings in Barrick Gold were worth $1,669,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GOLD. Exchange Traded Concepts LLC increased its holdings in 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 worth $28,000 after acquiring an additional 935 shares during the last quarter. Eastern Bank purchased a new stake in Barrick Gold in the 3rd quarter worth about $32,000. JFS Wealth Advisors LLC increased its holdings in Barrick Gold by 451.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock worth $38,000 after acquiring an additional 1,563 shares during the last quarter. AlphaMark Advisors LLC purchased a new stake in Barrick Gold in the 3rd quarter worth about $60,000. Finally, BNP Paribas increased its holdings in Barrick Gold by 221.7% in the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after acquiring an additional 2,113 shares during the last quarter. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Stock Performance

NYSE:GOLD opened at $16.13 on Friday. The business has a 50 day moving average of $16.43 and a 200 day moving average of $18.31. The company has a market capitalization of $27.85 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.30 and a beta of 0.54. Barrick Gold Corp has a 1-year low of $13.76 and a 1-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 business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.48%. Barrick Gold’s payout ratio is currently 43.01%.

Analysts Set New Price Targets

GOLD has been the subject of a number of recent analyst reports. Berenberg Bank lifted their target price on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. TD Securities reduced their target price on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. Citigroup reduced their target price on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Finally, Cibc World Mkts downgraded Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Barrick Gold has a consensus rating of “Moderate Buy” and an average price target of $24.45.

Barrick Gold 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.