Realta Investment Advisors Purchases 5,521 Shares of Barrick Gold Corp (NYSE:GOLD)

Realta Investment Advisors boosted its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 18.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,221 shares of the gold and copper producer’s stock after acquiring an additional 5,521 shares during the period. Realta Investment Advisors’ holdings in Barrick Gold were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of Barrick Gold by 13.8% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 66,222 shares of the gold and copper producer’s stock valued at $1,026,000 after purchasing an additional 8,041 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Barrick Gold by 62.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 19,765 shares of the gold and copper producer’s stock worth $306,000 after buying an additional 7,600 shares during the period. Valley National Advisers Inc. bought a new stake in Barrick Gold during the 4th quarter valued at $101,000. DAVENPORT & Co LLC increased its holdings in shares of Barrick Gold by 51.3% in the 4th quarter. DAVENPORT & Co LLC now owns 84,037 shares of the gold and copper producer’s stock valued at $1,303,000 after acquiring an additional 28,507 shares during the period. Finally, Keudell Morrison Wealth Management bought a new position in shares of Barrick Gold in the 4th quarter worth $156,000. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Barrick Gold Price Performance

Shares of GOLD opened at $17.19 on Friday. The firm has a market capitalization of $29.69 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.36 and a beta of 0.55. 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 company’s fifty day moving average price is $16.20 and its 200-day moving average price is $18.19. Barrick Gold Corp has a 1-year low of $13.76 and a 1-year high of $21.35.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GOLD shares. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research report on Monday, November 25th. Cibc World Mkts cut shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Berenberg Bank boosted their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research note on Tuesday, November 26th. Bank of America downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and lowered their target price for the company from $21.00 to $18.00 in a research note on Monday, January 27th. Finally, Scotiabank downgraded Barrick Gold from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $23.00 to $19.00 in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.92.

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.