Atria Investments Inc Has $683,000 Position in Barrick Gold Corp (NYSE:GOLD)

Atria Investments Inc trimmed its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 23.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,351 shares of the gold and copper producer’s stock after selling 10,814 shares during the quarter. Atria Investments Inc’s holdings in Barrick Gold were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of GOLD. Kingsview Wealth Management LLC bought a new stake in shares of Barrick Gold during the first quarter valued at about $190,000. Orion Portfolio Solutions LLC boosted its stake in Barrick Gold by 6.0% in the first quarter. Orion Portfolio Solutions LLC now owns 82,133 shares of the gold and copper producer’s stock worth $1,367,000 after buying an additional 4,652 shares in the last quarter. Vanguard Group Inc. boosted its stake in Barrick Gold by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,761,067 shares of the gold and copper producer’s stock worth $1,077,624,000 after buying an additional 1,089,572 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Barrick Gold by 262.6% in the first quarter. Acadian Asset Management LLC now owns 47,500 shares of the gold and copper producer’s stock worth $789,000 after buying an additional 34,400 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in Barrick Gold in the first quarter worth approximately $652,000. 62.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOLD has been the subject of several research reports. Scotiabank cut their target price on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Argus upgraded Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, August 29th. Royal Bank of Canada boosted their price objective on Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. TD Securities lowered their price objective on Barrick Gold from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.90.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at $17.73 on Wednesday. Barrick Gold Corp has a one year low of $13.76 and a one year high of $21.35. The company has a market cap of $30.99 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 0.39 and a beta of 0.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65. The business’s 50 day moving average price is $19.61 and its 200 day moving average price is $18.50.

Barrick Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 29th. This represents a $0.40 annualized dividend and a yield of 2.26%. Barrick Gold’s payout ratio is 43.01%.

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.