Perigon Wealth Management LLC Buys 12,739 Shares of Barrick Gold Corp (NYSE:GOLD)

Perigon Wealth Management LLC boosted its stake in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 60.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,841 shares of the gold and copper producer’s stock after acquiring an additional 12,739 shares during the period. Perigon Wealth Management LLC’s holdings in Barrick Gold were worth $533,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in shares of Barrick Gold by 198.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock worth $28,000 after purchasing an additional 935 shares during the period. Eastern Bank bought a new stake in shares of Barrick Gold in the third quarter valued at $32,000. JFS Wealth Advisors LLC lifted its position in shares of Barrick Gold by 451.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 1,909 shares of the gold and copper producer’s stock valued at $38,000 after buying an additional 1,563 shares during the last quarter. AlphaMark Advisors LLC bought a new position in shares of Barrick Gold during the 3rd quarter worth $60,000. Finally, BNP Paribas increased its holdings in Barrick Gold by 221.7% in the 3rd quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock worth $62,000 after acquiring an additional 2,113 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Stock Performance

Shares of GOLD opened at $16.38 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $16.29 and a 200-day moving average price of $18.25. The company has a market cap of $28.30 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.35 and a beta of 0.54. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $21.35.

Barrick Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.44%. Barrick Gold’s dividend payout ratio is presently 43.01%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Raymond James cut their target price on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Monday, November 25th. Citigroup cut their price objective on shares of Barrick Gold from $23.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Berenberg Bank boosted their target price on shares of Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. TD Securities cut their price target on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Finally, Bank of America cut Barrick Gold from a “buy” rating to a “neutral” rating and reduced their price target for the company from $21.00 to $18.00 in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Barrick Gold currently has an average 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.