Barrick Gold Corp (NYSE:GOLD) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 21.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,501 shares of the gold and copper producer’s stock after selling 5,513 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Barrick Gold were worth $318,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GOLD. Exchange Traded Concepts LLC grew its position 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 purchasing an additional 935 shares during the last quarter. Eastern Bank purchased a new position in Barrick Gold during the third quarter worth $32,000. JFS Wealth Advisors LLC raised its holdings 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 worth $38,000 after acquiring an additional 1,563 shares during the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of Barrick Gold in the third quarter valued at $60,000. Finally, BNP Paribas boosted its stake in shares of Barrick Gold by 221.7% during the third quarter. BNP Paribas now owns 3,066 shares of the gold and copper producer’s stock valued at $62,000 after acquiring an additional 2,113 shares during the last quarter. 62.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. CIBC lowered shares of Barrick Gold from a “sector outperform” rating to a “neutral” rating in a report on Monday, November 25th. TD Securities reduced 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 note on Tuesday, November 26th. Raymond James lowered their target price on shares of Barrick Gold from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Cibc World Mkts lowered Barrick Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, UBS Group downgraded shares of Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.83.

Barrick Gold Stock Performance

Shares of Barrick Gold stock opened at $17.11 on Wednesday. The firm has a market cap of $29.54 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 0.39 and a beta of 0.55. Barrick Gold Corp has a 1 year low of $13.76 and a 1 year high of $21.35. The firm’s 50-day simple moving average is $16.19 and its 200-day simple moving average is $18.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.06 and a current ratio of 2.65.

About Barrick Gold

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.