Perpetual Ltd Sells 103,811 Shares of Barrick Gold Corp (NYSE:GOLD)

Perpetual Ltd trimmed its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,545,971 shares of the gold and copper producer’s stock after selling 103,811 shares during the quarter. Perpetual Ltd’s holdings in Barrick Gold were worth $54,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Ritholtz Wealth Management grew its holdings in shares of Barrick Gold by 2.8% in the third quarter. Ritholtz Wealth Management now owns 18,163 shares of the gold and copper producer’s stock worth $361,000 after purchasing an additional 502 shares during the last quarter. Greenleaf Trust grew its holdings in Barrick Gold by 2.1% in the 3rd quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer’s stock worth $510,000 after acquiring an additional 540 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Barrick Gold by 0.9% in the third quarter. Moors & Cabot Inc. now owns 64,085 shares of the gold and copper producer’s stock valued at $1,275,000 after acquiring an additional 579 shares during the period. Chelsea Counsel Co. raised its stake in shares of Barrick Gold by 1.4% during the third quarter. Chelsea Counsel Co. now owns 42,973 shares of the gold and copper producer’s stock valued at $855,000 after acquiring an additional 590 shares during the last quarter. Finally, Silverlake Wealth Management LLC boosted its holdings in shares of Barrick Gold by 1.3% during the third quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer’s stock worth $992,000 after purchasing an additional 628 shares during the period. 62.85% of the stock is owned by hedge funds and other institutional investors.

Barrick Gold Price Performance

GOLD stock opened at $16.00 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. The firm has a 50 day moving average price of $16.52 and a 200-day moving average price of $18.37. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35. The firm has a market capitalization of $27.85 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.28 and a beta of 0.54.

Barrick Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is 43.01%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOLD. Scotiabank lowered their price target on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Raymond James decreased their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 25th. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. CIBC lowered shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Finally, Berenberg Bank raised their target price on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.82.

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.