Barrick Gold Corp (NYSE:GOLD) Shares Sold by Maj Invest Holding A S

Maj Invest Holding A S reduced its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 464,699 shares of the gold and copper producer’s stock after selling 19,959 shares during the period. Barrick Gold accounts for 0.2% of Maj Invest Holding A S’s portfolio, making the stock its 23rd biggest position. Maj Invest Holding A S’s holdings in Barrick Gold were worth $7,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GOLD. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Barrick Gold by 221.1% during the third 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 purchasing an additional 6,904,934 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position 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 buying an additional 2,854,055 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Barrick Gold by 2.7% in the 3rd 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 period. Systrade AG bought a new stake in shares of Barrick Gold during the 3rd quarter valued at about $28,094,000. Finally, Quadrature Capital Ltd bought a new position in Barrick Gold in the third quarter worth about $20,379,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Barrick Gold Trading Up 1.9 %

Shares of Barrick Gold stock opened at $16.13 on Monday. The business has a fifty day simple moving average of $16.42 and a 200-day simple moving average of $18.31. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.30 and a beta of 0.54. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Friday, November 29th. Barrick Gold’s payout ratio is 43.01%.

Analyst Upgrades and Downgrades

GOLD has been the subject of several recent research reports. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Raymond James dropped their target price on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. Scotiabank downgraded shares of Barrick Gold from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $23.00 to $19.00 in a research report on Tuesday, January 21st. TD Securities decreased their target price on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, UBS Group lowered shares of Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price target for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Barrick Gold has an average rating of “Moderate Buy” and an average price target of $24.45.

Barrick Gold 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.