Empowered Funds LLC Has $3.55 Million Stake in Barrick Gold Corp (NYSE:GOLD)

Empowered Funds LLC raised its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 178,615 shares of the gold and copper producer’s stock after purchasing an additional 5,166 shares during the quarter. Empowered Funds LLC’s holdings in Barrick Gold were worth $3,553,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. DCF Advisers LLC lifted its position in Barrick Gold by 48.3% in the second quarter. DCF Advisers LLC now owns 107,500 shares of the gold and copper producer’s stock worth $1,793,000 after purchasing an additional 35,000 shares during the period. Entropy Technologies LP bought a new position in shares of Barrick Gold during the 3rd quarter worth about $3,711,000. Aigen Investment Management LP boosted its position in shares of Barrick Gold by 330.5% during the 3rd quarter. Aigen Investment Management LP now owns 99,240 shares of the gold and copper producer’s stock valued at $1,974,000 after acquiring an additional 76,186 shares in the last quarter. Evexia Wealth LLC bought a new stake in Barrick Gold in the third quarter valued at about $2,382,000. Finally, 1832 Asset Management L.P. raised its position in Barrick Gold by 3.6% in the first quarter. 1832 Asset Management L.P. now owns 1,089,855 shares of the gold and copper producer’s stock worth $18,135,000 after purchasing an additional 38,100 shares in the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, September 13th. TD Securities dropped their price objective on Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Argus upgraded shares of Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, August 29th. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price target on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Three research 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 an average rating of “Moderate Buy” and an average target price of $23.90.

Barrick Gold Stock Up 3.4 %

Shares of GOLD opened at $17.21 on Tuesday. The business’s fifty day moving average price is $19.65 and its two-hundred day moving average price is $18.49. The firm has a market capitalization of $30.08 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 0.39 and a beta of 0.56. Barrick Gold Corp has a 52 week low of $13.76 and a 52 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.

Barrick Gold Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.32%. Barrick Gold’s payout ratio is 43.01%.

About Barrick Gold

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.