Crocodile Capital Partners GmbH Has $22.63 Million Stock Position in Barrick Gold Corp (NYSE:GOLD)

Crocodile Capital Partners GmbH boosted its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 97.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,460,000 shares of the gold and copper producer’s stock after purchasing an additional 720,000 shares during the period. Barrick Gold comprises 63.0% of Crocodile Capital Partners GmbH’s holdings, making the stock its largest position. Crocodile Capital Partners GmbH’s holdings in Barrick Gold were worth $22,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its stake in shares of Barrick Gold by 198.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after buying an additional 935 shares during the last quarter. Eastern Bank acquired a new position in shares of Barrick Gold during the 3rd quarter worth about $32,000. JFS Wealth Advisors LLC boosted its stake in shares of 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 worth $38,000 after buying an additional 1,563 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in shares of Barrick Gold during the 3rd quarter worth about $60,000. Finally, BNP Paribas boosted its stake in shares of Barrick Gold by 221.7% during the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after buying an additional 2,113 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GOLD shares. Scotiabank downgraded shares of Barrick Gold from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $23.00 to $19.00 in a research note on Tuesday. TD Securities cut their target price on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Raymond James cut their target price on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday, November 25th. UBS Group downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Finally, CIBC downgraded shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.45.

Barrick Gold Trading Up 1.9 %

Shares of GOLD stock opened at $16.13 on Friday. The firm has a 50 day moving average price of $16.43 and a two-hundred day moving average price of $18.31. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $27.85 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.30 and a beta of 0.54. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $21.35.

Barrick Gold Announces Dividend

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 dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.48%. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

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.