Alan B Lancz & Associates Inc. Decreases Position in Barrick Gold Corp (NYSE:GOLD)

Alan B Lancz & Associates Inc. decreased its holdings in Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,860 shares of the gold and copper producer’s stock after selling 1,000 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Barrick Gold were worth $339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crocodile Capital Partners GmbH grew its stake in shares of Barrick Gold by 97.3% during the fourth quarter. Crocodile Capital Partners GmbH now owns 1,460,000 shares of the gold and copper producer’s stock worth $22,630,000 after acquiring an additional 720,000 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Barrick Gold by 196.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,178 shares of the gold and copper producer’s stock worth $65,000 after purchasing an additional 2,771 shares in the last quarter. RFG Advisory LLC grew its position in Barrick Gold by 26.3% during the 4th quarter. RFG Advisory LLC now owns 40,361 shares of the gold and copper producer’s stock worth $626,000 after purchasing an additional 8,415 shares during the last quarter. Hedges Asset Management LLC increased its stake in Barrick Gold by 22.3% during the 4th quarter. Hedges Asset Management LLC now owns 48,300 shares of the gold and copper producer’s stock valued at $749,000 after purchasing an additional 8,800 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Barrick Gold by 154.3% in the fourth quarter. Avior Wealth Management LLC now owns 8,645 shares of the gold and copper producer’s stock worth $134,000 after buying an additional 5,246 shares during the last quarter. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Barrick Gold Trading Up 1.9 %

Shares of NYSE:GOLD opened at $16.13 on Friday. The company has a market capitalization of $27.85 billion, a PE ratio of 17.34, a PEG ratio of 0.30 and a beta of 0.54. Barrick Gold Corp has a 12-month low of $13.76 and a 12-month high of $21.35. The business has a 50 day moving average of $16.42 and a two-hundred day moving average of $18.30. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Friday, November 29th. Barrick Gold’s dividend payout ratio (DPR) is presently 43.01%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GOLD shares. 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 report on Tuesday, November 26th. CIBC downgraded Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. Raymond James reduced their price objective on Barrick Gold from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday, November 25th. Citigroup dropped their target price on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Finally, Scotiabank downgraded shares of Barrick Gold from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $23.00 to $19.00 in a report on Tuesday, January 21st. Five 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 company has an average rating of “Moderate Buy” and a consensus price target of $24.45.

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.