EverSource Wealth Advisors LLC Has $69,000 Holdings in Barrick Gold Corp (NYSE:GOLD)

EverSource Wealth Advisors LLC lifted its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 131.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,152 shares of the gold and copper producer’s stock after buying an additional 2,358 shares during the period. EverSource Wealth Advisors LLC’s holdings in Barrick Gold were worth $69,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Clean Yield Group acquired a new position in shares of Barrick Gold during the 1st quarter worth about $25,000. Principal Securities Inc. acquired a new position in shares of Barrick Gold during the 4th quarter worth about $26,000. LRI Investments LLC acquired a new position in shares of Barrick Gold during the 1st quarter worth about $37,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Barrick Gold during the 4th quarter worth about $45,000. Finally, Optiver Holding B.V. acquired a new position in shares of Barrick Gold during the 4th quarter worth about $46,000. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOLD has been the subject of several recent analyst reports. CIBC raised their target price on shares of Barrick Gold from $23.00 to $27.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Barrick Gold in a research note on Monday, April 8th. Jefferies Financial Group raised their target price on shares of Barrick Gold from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets lowered their price target on shares of Barrick Gold from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Barrick Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Barrick Gold Stock Performance

Shares of GOLD traded up $0.24 during mid-day trading on Tuesday, hitting $17.42. 17,637,020 shares of the company’s stock were exchanged, compared to its average volume of 21,725,012. Barrick Gold Corp has a 52 week low of $13.76 and a 52 week high of $19.45. The stock’s 50-day simple moving average is $17.33 and its 200-day simple moving average is $16.56. The firm has a market cap of $30.53 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 0.48 and a beta of 0.51. The company has a quick ratio of 2.49, a current ratio of 3.32 and a debt-to-equity ratio of 0.15.

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.