Hyman Charles D increased its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 3.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 74,977 shares of the gold and copper producer’s stock after acquiring an additional 2,600 shares during the quarter. Hyman Charles D’s holdings in Barrick Gold were worth $1,485,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of GOLD. RWC Asset Management LLP increased its holdings in shares of Barrick Gold by 8.8% in the fourth quarter. RWC Asset Management LLP now owns 4,654,680 shares of the gold and copper producer’s stock valued at $106,033,000 after purchasing an additional 376,013 shares during the last quarter. Adams Asset Advisors LLC purchased a new stake in shares of Barrick Gold in the first quarter valued at about $3,520,000. Excalibur Management Corp acquired a new stake in Barrick Gold during the fourth quarter worth about $414,000. Gamco Investors INC. ET AL raised its stake in Barrick Gold by 2.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 296,568 shares of the gold and copper producer’s stock worth $6,756,000 after purchasing an additional 5,854 shares during the period. Finally, OneAscent Financial Services LLC boosted its holdings in Barrick Gold by 18.1% in the 4th quarter. OneAscent Financial Services LLC now owns 14,408 shares of the gold and copper producer’s stock valued at $328,000 after purchasing an additional 2,212 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.
Shares of GOLD stock traded down $0.38 during trading hours on Tuesday, hitting $21.85. The stock had a trading volume of 545,712 shares, compared to its average volume of 19,126,918. Barrick Gold Corp has a twelve month low of $18.64 and a twelve month high of $31.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.49 and a quick ratio of 3.28. The firm has a market capitalization of $38.86 billion, a PE ratio of 13.08, a PEG ratio of 9.12 and a beta of -0.02. The stock’s 50 day moving average is $21.08 and its 200 day moving average is $22.17.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were given a $0.09 dividend. The ex-dividend date was Friday, February 26th. This represents a $0.36 dividend on an annualized basis and a yield of 1.65%. Barrick Gold’s payout ratio is currently 47.06%.
A number of research firms recently commented on GOLD. TheStreet upgraded Barrick Gold from a “c” rating to a “b-” rating in a report on Thursday, April 22nd. Robert W. Baird raised shares of Barrick Gold from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $35.00 to $28.00 in a research note on Wednesday, January 6th. TD Securities dropped their price objective on Barrick Gold from $32.00 to $30.00 and set an “action list buy” rating for the company in a research note on Friday, February 26th. Barclays raised Barrick Gold from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $28.00 in a research report on Wednesday, January 6th. Finally, Stifel Nicolaus upped their price objective on Barrick Gold from $42.50 to $43.25 and gave the stock a “buy” rating in a research report on Monday, February 8th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.88.
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.
Further Reading: Do You Need a Fiduciary?
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