Barrick Gold Corp (NYSE:GOLD) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP increased its position in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 330.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,240 shares of the gold and copper producer’s stock after purchasing an additional 76,186 shares during the period. Aigen Investment Management LP’s holdings in Barrick Gold were worth $1,974,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in shares of Barrick Gold by 2.8% in the 3rd quarter. Ritholtz Wealth Management now owns 18,163 shares of the gold and copper producer’s stock valued at $361,000 after acquiring an additional 502 shares during the last quarter. Greenleaf Trust increased its stake in Barrick Gold by 2.1% in the third quarter. Greenleaf Trust now owns 25,659 shares of the gold and copper producer’s stock valued at $510,000 after purchasing an additional 540 shares during the last quarter. Silverlake Wealth Management LLC raised its holdings in Barrick Gold by 1.3% during the third quarter. Silverlake Wealth Management LLC now owns 49,890 shares of the gold and copper producer’s stock worth $992,000 after purchasing an additional 628 shares in the last quarter. Whitener Capital Management Inc. lifted its position in shares of Barrick Gold by 0.9% during the 3rd quarter. Whitener Capital Management Inc. now owns 73,185 shares of the gold and copper producer’s stock worth $1,456,000 after buying an additional 675 shares during the last quarter. Finally, apricus wealth LLC boosted its holdings in shares of Barrick Gold by 0.6% in the 3rd quarter. apricus wealth LLC now owns 112,850 shares of the gold and copper producer’s stock valued at $2,245,000 after buying an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analysts Set New Price Targets

GOLD has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group raised their price target on Barrick Gold from $23.00 to $24.00 and gave the company a “buy” rating in a report on Friday, September 13th. Scotiabank dropped their price objective on Barrick Gold from $25.00 to $24.00 and set a “sector outperform” rating on the stock in a report on Friday. Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, August 29th. Finally, Raymond James lowered their price target on shares of Barrick Gold from $26.50 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, September 26th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.90.

Barrick Gold Trading Down 1.3 %

Shares of GOLD traded down $0.23 on Tuesday, hitting $17.17. 3,698,544 shares of the stock traded hands, compared to its average volume of 21,225,086. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The stock’s 50 day moving average is $19.89 and its two-hundred day moving average is $18.49. The firm has a market capitalization of $30.01 billion, a P/E ratio of 18.71, a P/E/G ratio of 0.43 and a beta of 0.56. The company has a quick ratio of 2.31, a current ratio of 3.01 and a debt-to-equity ratio of 0.15.

Barrick Gold (NYSE:GOLD) (TSE:ABX) last issued its quarterly earnings results on Monday, August 12th. The gold and copper producer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Barrick Gold had a net margin of 13.19% and a return on equity of 5.85%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $0.19 earnings per share. Barrick Gold’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Barrick Gold Corp will post 1.29 earnings per share for the current year.

Barrick Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.10 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. Barrick Gold’s dividend payout ratio (DPR) is 43.01%.

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.