Townsquare Capital LLC Sells 2,342 Shares of Barrick Gold Corp (NYSE:GOLD)

Townsquare Capital LLC lessened its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 284,403 shares of the gold and copper producer’s stock after selling 2,342 shares during the period. Townsquare Capital LLC’s holdings in Barrick Gold were worth $5,657,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GOLD. B. Riley Wealth Advisors Inc. increased its stake in shares of Barrick Gold by 10.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,895 shares of the gold and copper producer’s stock worth $215,000 after purchasing an additional 1,244 shares in the last quarter. Tidal Investments LLC increased its stake in Barrick Gold by 20.4% in 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 in the last quarter. LRI Investments LLC bought a new stake in Barrick Gold during the first quarter valued at about $37,000. Cetera Investment Advisers lifted its position in shares of Barrick Gold by 783.2% in the first quarter. Cetera Investment Advisers now owns 341,854 shares of the gold and copper producer’s stock valued at $5,688,000 after acquiring an additional 303,148 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Barrick Gold by 103.4% in the first quarter. Cetera Advisors LLC now owns 45,087 shares of the gold and copper producer’s stock valued at $750,000 after acquiring an additional 22,921 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

Barrick Gold Price Performance

NYSE:GOLD opened at $17.57 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $30.71 billion, a P/E ratio of 18.89, a P/E/G ratio of 0.42 and a beta of 0.56. Barrick Gold Corp has a 12 month low of $13.76 and a 12 month high of $21.35. The business’s 50-day moving average is $19.26 and its 200 day moving average is $18.53.

Barrick Gold Dividend Announcement

The business 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 is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.28%. Barrick Gold’s payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $22.00 in a research report on Wednesday, October 30th. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday. Jefferies Financial Group boosted their price objective on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Royal Bank of Canada boosted their price objective on Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $25.60.

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.