Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,945,514 shares of the gold and copper producer’s stock after buying an additional 244,057 shares during the period. Charles Schwab Investment Management Inc. owned 0.28% of Barrick Gold worth $98,469,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Barrick Gold by 19.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,839,056 shares of the gold and copper producer’s stock worth $63,883,000 after acquiring an additional 628,477 shares during the period. Silvercrest Asset Management Group LLC boosted its position 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 buying an additional 12,000 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Barrick Gold by 10.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,895 shares of the gold and copper producer’s stock worth $215,000 after buying an additional 1,244 shares during the period. Tidal Investments LLC raised its position in Barrick Gold by 20.4% during the 1st quarter. Tidal Investments LLC now owns 39,196 shares of the gold and copper producer’s stock worth $637,000 after buying an additional 6,639 shares during the last quarter. Finally, EdgePoint Investment Group Inc. lifted its stake in Barrick Gold by 38.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 18,170,814 shares of the gold and copper producer’s stock valued at $302,366,000 after acquiring an additional 5,080,510 shares during the period. 62.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. TD Securities cut their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada raised their target price on Barrick Gold from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Berenberg Bank boosted their price target on Barrick Gold from $37.00 to $38.00 in a report on Tuesday. CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday. Finally, Jefferies Financial Group lifted their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.91.

Barrick Gold Stock Down 0.7 %

Shares of NYSE GOLD opened at $17.56 on Wednesday. The firm has a market cap of $30.70 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.43 and a beta of 0.56. The company’s 50-day simple moving average is $19.36 and its 200-day simple moving average is $18.54. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. Barrick Gold Corp has a 52-week low of $13.76 and a 52-week high of $21.35.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend 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 currently 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.