Lebenthal Global Advisors LLC Acquires 9,414 Shares of Barrick Gold Corp (NYSE:GOLD)

Lebenthal Global Advisors LLC raised its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 31.4% during the fourth quarter, HoldingsChannel reports. The firm owned 39,396 shares of the gold and copper producer’s stock after acquiring an additional 9,414 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Barrick Gold were worth $611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its position in 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 acquiring an additional 935 shares during the last quarter. Eastern Bank acquired a new stake in shares of Barrick Gold in the 3rd quarter valued at approximately $32,000. JFS Wealth Advisors LLC grew its holdings 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 purchasing an additional 1,563 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in Barrick Gold during the 3rd quarter worth approximately $60,000. Finally, BNP Paribas lifted its stake 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 valued at $62,000 after purchasing an additional 2,113 shares during the last quarter. Institutional investors own 62.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GOLD. Raymond James decreased their target price on shares of Barrick Gold from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. Scotiabank cut Barrick Gold from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $23.00 to $19.00 in a report on Tuesday, January 21st. CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. UBS Group downgraded Barrick Gold from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Finally, Cibc World Mkts lowered shares of Barrick Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.92.

Barrick Gold Price Performance

Shares of NYSE GOLD opened at $16.08 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.65 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $27.76 billion, a PE ratio of 17.28, a P/E/G ratio of 0.30 and a beta of 0.54. The firm has a fifty day simple moving average of $16.42 and a 200 day simple moving average of $18.31. Barrick Gold Corp has a twelve month low of $13.76 and a twelve month high of $21.35.

Barrick Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, November 29th. Barrick Gold’s dividend 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.