U.S. Capital Wealth Advisors LLC Sells 170,038 Shares of Barrick Gold Corp (NYSE:GOLD)

U.S. Capital Wealth Advisors LLC decreased its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 53.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,365 shares of the gold and copper producer’s stock after selling 170,038 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Barrick Gold were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Barrick Gold by 221.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer’s stock worth $199,427,000 after acquiring an additional 6,904,934 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Barrick Gold by 33.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer’s stock worth $227,524,000 after purchasing an additional 2,854,055 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Barrick Gold by 2.7% during the third quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer’s stock valued at $1,088,484,000 after buying an additional 1,458,084 shares during the last quarter. Systrade AG acquired a new position in Barrick Gold during the 3rd quarter valued at about $28,094,000. Finally, Quadrature Capital Ltd bought a new stake in Barrick Gold during the third quarter worth $20,379,000. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GOLD shares. Scotiabank lowered shares of Barrick Gold from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $23.00 to $19.00 in a research note on Thursday, January 30th. Berenberg Bank upped their price objective on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. Bank of America lowered Barrick Gold from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $18.00 in a report on Monday, January 27th. UBS Group cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Finally, Raymond James decreased their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.92.

Barrick Gold Price Performance

GOLD opened at $16.57 on Tuesday. 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’s 50 day simple moving average is $16.25 and its 200 day simple moving average is $18.23. The firm has a market cap of $28.61 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.36 and a beta of 0.55. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35.

Barrick Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) 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.