Barrick Gold Corp (NYSE:GOLD) Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. cut its holdings in shares of Barrick Gold Corp (NYSE:GOLD) (TSE:ABX) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,283,260 shares of the gold and copper producer’s stock after selling 9,404 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Barrick Gold were worth $19,891,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOLD. Wellington Management Group LLP increased its stake in shares of Barrick Gold by 2.7% in the 3rd quarter. Wellington Management Group LLP now owns 54,712,508 shares of the gold and copper producer’s stock worth $1,088,484,000 after acquiring an additional 1,458,084 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Barrick Gold by 33.3% during the third quarter. The Manufacturers Life Insurance Company now owns 11,431,497 shares of the gold and copper producer’s stock worth $227,524,000 after purchasing an additional 2,854,055 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Barrick Gold by 221.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,027,811 shares of the gold and copper producer’s stock worth $199,427,000 after purchasing an additional 6,904,934 shares during the period. Geode Capital Management LLC boosted its holdings in Barrick Gold by 9.5% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,255 shares of the gold and copper producer’s stock valued at $162,140,000 after purchasing an additional 696,556 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Barrick Gold by 9.8% in the 3rd quarter. Toronto Dominion Bank now owns 6,035,814 shares of the gold and copper producer’s stock valued at $120,052,000 after buying an additional 538,204 shares during the period. Hedge funds and other institutional investors own 62.85% of the company’s stock.

Analyst Ratings Changes

GOLD has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on Barrick Gold from $23.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. CIBC lowered Barrick Gold from a “sector outperform” rating to a “neutral” rating in a research note on Monday, November 25th. TD Securities cut their price objective on Barrick Gold from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Berenberg Bank upped their target price on shares of Barrick Gold from $37.00 to $38.00 in a research report on Tuesday, November 26th. Finally, Bank of America cut shares of Barrick Gold from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $18.00 in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.92.

Barrick Gold Price Performance

Shares of GOLD opened at $16.38 on Monday. The company has a market cap of $28.30 billion, a P/E ratio of 17.62, a PEG ratio of 0.35 and a beta of 0.54. Barrick Gold Corp has a fifty-two week low of $13.76 and a fifty-two week high of $21.35. 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 firm’s 50 day moving average price is $16.25 and its 200 day moving average price is $18.23.

Barrick Gold Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, November 29th. Barrick Gold’s payout ratio is currently 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.