Stansberry Asset Management LLC Has $13.85 Million Holdings in Barrick Gold Corp (NYSE:GOLD)

Stansberry Asset Management LLC lifted its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 696,286 shares of the gold and copper producer’s stock after purchasing an additional 1,357 shares during the period. Barrick Gold accounts for 1.7% of Stansberry Asset Management LLC’s holdings, making the stock its 16th biggest holding. Stansberry Asset Management LLC’s holdings in Barrick Gold were worth $13,849,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Exchange Traded Concepts LLC raised its stake in shares of Barrick Gold by 198.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,407 shares of the gold and copper producer’s stock valued at $28,000 after buying 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. Crewe Advisors LLC raised its stake in shares of Barrick Gold by 628.8% in the second quarter. Crewe Advisors LLC now owns 1,822 shares of the gold and copper producer’s stock valued at $30,000 after buying an additional 1,572 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of Barrick Gold by 451.7% in the third 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 period. Finally, Jackson Grant Investment Advisers Inc. bought a new stake in shares of Barrick Gold in the second quarter valued at $32,000. 62.85% of the stock is currently owned by institutional investors.

Barrick Gold Trading Down 1.3 %

Shares of NYSE:GOLD opened at $17.38 on Thursday. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $21.35. The business’s fifty day simple moving average is $19.02 and its 200-day simple moving average is $18.53. The company has a market capitalization of $30.38 billion, a PE ratio of 18.69, a P/E/G ratio of 0.47 and a beta of 0.53. The company has a current ratio of 2.65, a quick ratio of 2.06 and a debt-to-equity ratio of 0.14.

Barrick Gold Dividend Announcement

The firm 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 2.30%. Barrick Gold’s dividend payout ratio (DPR) is 43.01%.

Analyst Upgrades and Downgrades

GOLD has been the subject of several recent research reports. Scotiabank reduced their price target on Barrick Gold from $24.00 to $23.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Berenberg Bank upped their price objective on Barrick Gold from $37.00 to $38.00 in a report on Tuesday, November 26th. CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Argus raised Barrick Gold from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, August 29th. Finally, UBS Group lowered Barrick Gold from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.60.

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.