Barrick Gold Corp (NYSE:GOLD) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 500,898 shares of the gold and copper producer’s stock after selling 8,242 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Barrick Gold were worth $9,974,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GOLD. De Lisle Partners LLP grew its holdings in shares of Barrick Gold by 7.0% during the third quarter. De Lisle Partners LLP now owns 153,000 shares of the gold and copper producer’s stock valued at $3,042,000 after buying an additional 10,000 shares during the last quarter. FORA Capital LLC purchased a new stake in Barrick Gold during the 3rd quarter valued at about $287,000. BNP Paribas increased its holdings in shares of Barrick Gold by 221.7% in the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock valued at $62,000 after purchasing an additional 2,113 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Barrick Gold by 16.3% in the third quarter. Glenmede Trust Co. NA now owns 18,793 shares of the gold and copper producer’s stock worth $374,000 after purchasing an additional 2,638 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in shares of Barrick Gold by 114.3% during the third quarter. Bridgewater Associates LP now owns 1,447,251 shares of the gold and copper producer’s stock worth $28,786,000 after purchasing an additional 771,857 shares during the period. Institutional investors and hedge funds own 62.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GOLD shares. Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank reduced their target price on shares of Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Wednesday, October 30th. TD Securities reduced their price objective on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Finally, CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.60.

Barrick Gold Stock Down 0.5 %

Barrick Gold stock opened at $17.49 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06. The stock has a market capitalization of $30.57 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 0.48 and a beta of 0.56. The business has a 50 day simple moving average of $19.20 and a 200-day simple moving average of $18.55. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.35.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, November 29th. Barrick Gold’s payout ratio is presently 43.01%.

Barrick Gold Company 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.