Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. boosted its position in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 25.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 49,700 shares of the gold and copper producer’s stock after acquiring an additional 10,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Barrick Gold were worth $989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in Barrick Gold by 198.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after purchasing an additional 935 shares during the last quarter. Crewe Advisors LLC increased its stake in shares of Barrick Gold by 628.8% in the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock worth $30,000 after buying an additional 1,572 shares during the last quarter. Eastern Bank bought a new position in Barrick Gold during the 3rd quarter valued at $32,000. JFS Wealth Advisors LLC increased its position in shares of Barrick Gold by 451.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock worth $38,000 after purchasing an additional 1,563 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Barrick Gold in the 2nd quarter valued at about $42,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOLD has been the topic of a number of research analyst reports. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. Scotiabank lowered 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 research note on Monday, November 25th. Cibc World Mkts downgraded shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Jefferies Financial Group raised their target price on shares of Barrick Gold from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.60.

Barrick Gold Trading Down 2.6 %

Shares of NYSE:GOLD opened at $17.17 on Friday. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35. 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 firm has a market cap of $29.89 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.47 and a beta of 0.53. The company has a 50 day moving average of $18.64 and a 200-day moving average of $18.52.

Barrick Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. Barrick Gold’s dividend payout ratio (DPR) is 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.