De Lisle Partners LLP Raises Stock Holdings in Barrick Gold Corp (NYSE:GOLD)

De Lisle Partners LLP boosted its stake in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,000 shares of the gold and copper producer’s stock after buying an additional 10,000 shares during the quarter. De Lisle Partners LLP’s holdings in Barrick Gold were worth $3,042,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GOLD. Price T Rowe Associates Inc. MD boosted its holdings in Barrick Gold by 19.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,839,056 shares of the gold and copper producer’s stock valued at $63,883,000 after acquiring an additional 628,477 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of Barrick Gold by 27.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 56,105 shares of the gold and copper producer’s stock valued at $934,000 after purchasing an additional 12,000 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Barrick Gold by 10.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,895 shares of the gold and copper producer’s stock worth $215,000 after buying an additional 1,244 shares during the period. Tidal Investments LLC lifted its holdings in Barrick Gold by 20.4% during the 1st quarter. Tidal Investments LLC now owns 39,196 shares of the gold and copper producer’s stock worth $637,000 after buying an additional 6,639 shares in the last quarter. Finally, Wahed Invest LLC boosted its position in Barrick Gold by 39.2% in the 1st quarter. Wahed Invest LLC now owns 19,200 shares of the gold and copper producer’s stock valued at $320,000 after buying an additional 5,410 shares during the period. 62.85% of the stock is currently owned by institutional investors and hedge funds.

Barrick Gold Stock Performance

NYSE GOLD opened at $17.58 on Thursday. The company has a fifty day moving average of $19.31 and a two-hundred day moving average of $18.53. The company has a market capitalization of $30.73 billion, a PE ratio of 18.90, a P/E/G ratio of 0.42 and a beta of 0.56. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.65 and a quick ratio of 2.06.

Barrick Gold Dividend Announcement

The company also recently declared 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 of this dividend is Friday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 2.28%. Barrick Gold’s dividend payout ratio is presently 43.01%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GOLD. Cibc World Mkts cut Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada lifted their price objective on Barrick Gold from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. CIBC cut shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday. TD Securities dropped their price objective on shares of Barrick Gold from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Berenberg Bank lifted their price objective on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Barrick Gold has an average rating of “Moderate Buy” and an average target price of $24.91.

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.